| Financial Consumer Agency of Canada
| news releases
A report published today by the Financial Consumer Agency of Canada (FCAC) suggests that although home equity lines of credit (HELOCs) are widely sold, many consumers appear to lack awareness of the terms and conditions of this financial product, exposing them to the risk of over borrowing, debt persistence, uninformed decision-making and wealth erosion.
| Financial Consumer Agency of Canada
| news releases
The Financial Consumer Agency of Canada (FCAC) presented the findings of two research projects during the National Research Symposium on Financial Literacy in Toronto on November 26 and 27. FCAC shared preliminary Canadian results of an international Financial Well-Being Survey and from the Agency’s latest behavioural budgeting research.
| Financial Consumer Agency of Canada
| news releases
The Financial Consumer Agency of Canada (FCAC) is pleased to announce that it received a Certificate of Merit in Financial Wellness in Toronto today from Excellence Canada as part of its Canada Awards for Excellence program.
| Financial Consumer Agency of Canada
| news releases
The Financial Consumer Agency of Canada (FCAC), in collaboration with the Bank of Canada, launched the 8th annual Financial Literacy Month (FLM) this morning.
The goal of FLM is to encourage Canadians to take control of their finances and reduce financial stress by making a budget, having a savings and debt reduction plan, and understanding their financial rights and responsibilities.
| Financial Consumer Agency of Canada
| news releases
The Financial Consumer Agency of Canada (FCAC) has released its 2017–2018 annual report. The report covers FCAC’s significant work from April 1, 2017 to March 30, 2018. It details the Agency’s efforts to protect financial consumers and help them make informed financial decisions.
| Financial Consumer Agency of Canada
| news releases
The Financial Consumer Agency of Canada’s (FCAC’s) new Supervision Framework is in effect as of October 1, 2018, further strengthening FCAC’s oversight of the financial services marketplace. The new framework illustrates FCAC’s vision for a robust and effective oversight of financial institutions and is designed to enhance protection of Canadian financial consumers.
| Financial Consumer Agency of Canada
| news releases
The Financial Consumer Agency of Canada (FCAC), the Seven Generations Education Institute (SGEI) and the Martin Family Initiative (MFI) today announced they have partnered to develop a financial literacy pilot project to be delivered at SGEI’s facilities in Kenora, Ontario early in 2019.
| Financial Consumer Agency of Canada
| news releases
The Governor in Council has re-appointed Lucie Tedesco as Commissioner of the Financial Consumer Agency of Canada (FCAC) for a period of 6 months commencing September 3, 2018.
| Financial Consumer Agency of Canada
| news releases
Canada's Financial Literacy Leader, Jane Rooney, and the National Steering Committee for Financial Literacy today announced the members of the Financial Literacy Research Sub-Committee for 2018-2020. This group of thought-leaders will build on the landmark National Research Plan on Financial Literacy, which was developed by the inaugural Sub-Committee over the past two years. Sub-Committee members will be responsible for generating evidence to inform the implementation of Canada’s National Strategy for Financial Literacy, while continuing to establish Canada as an international leader in financial literacy research.
| Financial Consumer Agency of Canada
| news releases
In the event that your personal information has been compromised, the Financial Consumer Agency of Canada (FCAC) is encouraging you to take the following steps to reduce the risk of harm.
