Appearance before the Standing Senate Committee on Banking, Commerce and the Economy (BANC) (May 30, 2024)
Table of contents
- About BANC
- Opening statement
- About FCAC
- ISSUE: FCAC’s role in the Consumer-Driven Banking Framework (Budget 2024)
- ISSUE: FCAC’s research into consumer-driven (open) banking
- ISSUE: Criminal rate of interest (see key messages in green)
- ISSUE: FCAC’s Research on Payday Loans and Financial Well-Being in Canada
- ISSUE: The Canadian Mortgage Charter
- ISSUE: FCAC’s Guideline on Existing Consumer Mortgage Loans in Exceptional Circumstances
- ISSUE: Mortgage Guideline enforceability and reporting on compliance
- ISSUE: OSFI’s and FCAC’s respective Guidelines and positions on extended amortization
- ISSUE: FCAC’s research into financial well-being of mortgage-holders
- ISSUE: Consumer info on mortgages & national ad campaign on housing & mortgage financing
- ISSUE: Variable rate mortgages with fixed payments; unregulated lending (& OSFI’s position)
- ISSUE: Complaints handling process (FCAC’s role, ECB)
- ISSUE: Fraud and FCAC oversight of unauthorized transactions
- ISSUE: Real-estate fraud
- ISSUE: Banks and non-disclosure agreements (NDAs)
- ISSUE: Funding for Prosper Canada (Budget 2024)
- ANNEX A: BANC Committee member profiles
- ANNEX B: Summary of Budget 2024 initiatives of relevance to Payments Canada
- ANNEX C: Past FCAC appearances at BANC and recent BANC business
- ANNEX D: Media coverage of the Standing Committee on Banking, Commerce and the Economy