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FCAC Commissioner announces members of new consumer protection advisory committee 

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada (FCAC) announced today that 9 leading Canadians were named to the Consumer Protection Advisory Committee. The advisory committee will be chaired by Commissioner Lucie Tedesco and will support the Agency’s financial consumer protection mandate.


Retail banking sales culture may raise risks for consumers 

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada has published a report on its review of domestic banks’ retail sales practices. The report, which follows 9 months of extensive work, finds that bank cultures strongly anchored in sales can increase the risks of mis-selling to consumers and of bank employees breaching market conduct obligations.


Backgrounder: Domestic Bank Retail Sales Practices Review 

| Financial Consumer Agency of Canada | backgrounders

This report presents the findings of the Financial Consumer Agency of Canada’s (FCAC) review of the domestic retail sales practices of Canada’s six largest banks. FCAC found that retail banking culture encourages employees to sell products and services, and rewards them for sales success.


FCAC reminds consumers credit reports can help protect them from financial fraud

| Financial Consumer Agency of Canada | news releases

In advance of Order Your Credit Report Day, November 5, the Financial Consumer Agency of Canada (FCAC) is reminding Canadians of the importance of ordering their credit report. This is more important than ever in light of recent cases of personal data breaches.


#FLM2017: Financial Literacy Month kicks off for the seventh year 

| Financial Consumer Agency of Canada | news releases

November marks the beginning of the seventh annual Financial Literacy Month (FLM), which aims to improve the financial literacy of Canadians, help them better manage their money and improve their financial well-being.


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