| 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.
Good morning. I am thrilled to be here and grateful to the Mortgage Professionals of Canada for the invitation to speak to you today.
In recent months, my staff has been working to strengthen the already positive ties between our Agency, the FCAC, and your organization.
| 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.
I’m so excited to be a part of today’s announcement, because it represents a major milestone for the Financial Consumer Agency of Canada, where I work, but it’s also consistent with the Government’s commitment to advancing reconciliation with Indigenous Peoples.
| Financial Consumer Agency of Canada
| media advisories
Members of the media are invited to attend a news conference where leaders from the Financial Consumer Agency of Canada (FCAC), the Seven Generations Education Institute and the Martin Family Initiative will announce the creation of a new financial literacy program.
