Goeasy CEO Jason Mullins to step down by year-end amid rising demand for alternative lending.

Non-prime lender Goeasy Ltd. announced that CEO Jason Mullins will step down at year-end, remaining a director and assisting in finding his successor. This decision comes amid increased demand for alternative lending due to elevated inflation and interest rates; Goeasy saw a 41% increase in credit applications in May. Mullins' departure has led to a drop in the company's share price on the Toronto Stock Exchange.