House Standing Committee on Finance (May 31, 2024)
ANNEX C: Summary of recent FINA meetings

Kirsten Fraser from Finance explained that the purpose of the framework is to ensure equal access and protection for all Canadians when transmitting their banking information. While participation is optional for credit unions, and other provincially regulated entities, the government is actively working with stakeholders, including provincial governments, to address any obstacles to participation.

Due to a connectivity issue, this segment was cut short, and Ste-Marie requested written answers promptly, as the committee was preparing for clause-by-clause consideration of the bill. Fraser agreed to provide the necessary information.

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2025-09-02