Appearance before the House Standing Committee on Finance (FINA) (May 31, 2024)
Table of Contents
- About FINA
- Opening statement
- About FCAC
- ISSUE: FCAC’s role in the Consumer-Driven Banking Framework (Budget 2024)
- ISSUE: Complaints handling process (FCAC’s role, ECB)
- ISSUE: Supervision and Enforcement (process FCAC’s track record)
- ISSUE: Fraud and FCAC oversight of unauthorized transactions
- 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 / la Charte hypothécaire canadienne
- 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: Real-estate fraud
- ISSUE: Banks and non-disclosure agreements (NDAs)
- ISSUE: Funding for Prosper Canada (Budget 2024)
- ANNEX A: Committee member profiles and key personnel
- ANNEX B: Past FCAC appearances at FINA and recent coverage of FINA business
- ANNEX C: Summary of recent FINA meetings
- ANNEX D: Social Media Posts