Appearance before the Standing Committee on Finance (July 7, 2020)
Table of contents
- Biographies of members
- Opening remarks
- One-pagers topics of interest (including key messages):
- Banks' response
- FCAC’s response
- Measures taken to oversee new commitments
- Reporting information on relief measures
- Mortgage payment deferrals
- Disclosure statements for financial products
- Prepayment penalties
- Payment trends during the pandemic
- Credit reporting during pandemic
- Providing timely information to consumers
- Collaborating to understand consumer needs
- Policy options working group
- FISC coordination in response to COVID-19
- Enforcement process
- Impact on consumers
- International collaboration
- National Strategy on Financial Literacy
- FCPF one pager and Media lines
- Additional Q&As
- Environment scan: Canadian banks during COVID-19
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