Transcription of Sub-Prime Lending in Canada: Implications & …
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Sub-Prime Lending in Canada: Implications & …
1 Sub-Prime Lending in canada : Implications & opportunities for Investors Issue Brief For low- and middle-income families, borrowing money from institutions that specialize in Lending to those with poor credit ratings presents both a danger and an opportunity. Properly extended credit can assist with home purchases, business development or family emergencies. But Lending practices that attach excessive fees and charge high interest rates, sometimes without appropriate transparency, can create a cycle of debt, financial vulnerability and increasing poverty. Among the diverse financial institutions linked to Sub-Prime Lending , canada s major chartered banks play a role both as primary providers of banking services to Canadian consumers, as financial intermediaries for Sub-Prime lenders or as brokers for Sub-Prime products.
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