{"id":147,"date":"2026-02-14T14:14:25","date_gmt":"2026-02-14T14:14:25","guid":{"rendered":"https:\/\/privex.ca\/?p=147"},"modified":"2026-02-14T14:19:31","modified_gmt":"2026-02-14T14:19:31","slug":"financeit-canada-inc-class-action-key-issues-in-consumer-reporting-cv-25-00034752-00cp","status":"publish","type":"post","link":"https:\/\/privex.ca\/?p=147","title":{"rendered":"FinanceIt Canada Inc. Class Action: Key Issues in Consumer Reporting (CV-25-00034752-00CP)"},"content":{"rendered":"FinanceIt Canada Inc. Class Action: Key Issues in Consumer Reporting (CV-25-00034752-00CP)\n\n<p>Based on a review of the ongoing class action against <strong>FinanceIt Canada Inc. (CV-25-00034752-00CP)<\/strong>, certain issues have been identified in the <strong>Statement of Claim<\/strong> relating to <strong>notice, consent, and reporting practices<\/strong> under the <strong>Consumer Reporting Act<\/strong>.<\/p>\n\n\n\n<p>This article summarizes the main concerns highlighted in the Statement of Claim, particularly regarding <strong>paragraph 166<\/strong> and its amendment in <strong>paragraph 214<\/strong>. The full, detailed letter for stakeholders provides a comprehensive analysis of these issues.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of Key Findings<\/h2>\n\n\n\n<p>Upon reviewing FinanceIt Canada Inc.\u2019s standard loan application, it is evident that there are concerns with compliance under the <strong>Consumer Reporting Act<\/strong>, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Notice Deficiencies:<\/strong> Consumers were not adequately informed before FinanceIt obtained or requested consumer reports.<\/li>\n\n\n\n<li><strong>Timing Issues:<\/strong> Notices were not delivered at the required time during the credit application process.<\/li>\n\n\n\n<li><strong>Unauthorized Disclosure:<\/strong> Personal information may have been shared with third parties without proper consent or notice.<\/li>\n\n\n\n<li><strong>Formatting and Visibility Failures:<\/strong> Notices, if provided, failed to meet statutory visibility and formatting requirements.<\/li>\n\n\n\n<li><strong>Consumer Rights Implications:<\/strong> Consumers were deprived of the statutory right to be informed, which could result in restricted reports being accessed improperly.<\/li>\n\n\n\n<li><strong>Ongoing Concerns:<\/strong> FinanceIt continues to enforce loan agreements and rely on consumer reports despite the underlying statutory non-compliance.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>These points are based on the review of paragraph 166 of the Statement of Claim and its amendment in paragraph 214.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">View the Full Letter<\/h2>\n\n\n\n<p>For stakeholders seeking a <strong>detailed, paragraph-specific analysis<\/strong>, the full letter outlines all findings, statutory references, and related observations.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/privex.ca\/wp-content\/uploads\/2026\/02\/Letter-from-PRIVEX.pdf\">View the full stakeholder letter here \u2192<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Contact<\/h2>\n\n\n\n<p>For more information or insights, contact <strong>Kevin Hodge<\/strong> at <strong><a href=\"mailto:kevin.hodge@privex.ca\">kevin.hodge@privex.ca<\/a><\/strong> or <strong>437-436-4174<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FinanceIt Canada Inc. Class Action: Key Issues in Consumer Reporting (CV-25-00034752-00CP) Based on a review of the ongoing class action against FinanceIt Canada Inc. (CV-25-00034752-00CP), certain<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":34,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/posts\/147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/privex.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=147"}],"version-history":[{"count":2,"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/posts\/147\/revisions"}],"predecessor-version":[{"id":149,"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/posts\/147\/revisions\/149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/privex.ca\/index.php?rest_route=\/wp\/v2\/media\/34"}],"wp:attachment":[{"href":"https:\/\/privex.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privex.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privex.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}