Competition Bureau Investigates DLC

The Competition Bureau announced Friday that it "has obtained a court order to advance a civil investigation into alleged anti-competitive conduct by Dominion Lending Centres Inc. (DLC)."

"This includes examining certain practices that limit mortgage brokers' ability to use the technology solutions of their choice," its press release said.

The action relates mainly to DLC charging mortgage agents $200 per file to use specific competing mortgage submission platforms (a.k.a. "Point of Sale" systems). POS competitor Finmo reportedly initiated the complaint. Finmo goes head to head with DLC Group's wholly-owned Newton platform.

You don't have access to this post on at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now


Sign in or become a member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to
Great! Next, complete checkout for full access to
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.