Ottawa – November is Financial Literacy Month. This year, the Financial Consumer Agency of Canada (FCAC) is launching a Canada-wide campaign to destigmatize conversations about money. Many Canadians find it difficult to discuss money and finances with family and friends for fear of being judged. To overcome this taboo, FCAC is encouraging Canadians to share their financial experiences with family …
Ottawa – The Financial Consumer Agency of Canada (FCAC) protects Canadians by supervising the compliance of federally regulated financial entities, such as banks, with their legislative obligations, codes of conduct and public commitments, and by strengthening Canadians’ financial literacy. In response to the challenges facing consumers in the current economic environment, FCAC has published a Guideline on Existing Consumer Mortgage Loans …
FCAC survey shows Canadians’ knowledge and understanding of open banking is low Ottawa – The Financial Consumer Agency of Canada (FCAC) published a report on the results of its public opinion research into Canadians’ awareness and understanding of open banking and financial technology (fintech) services. As part of its mandate, FCAC monitors and evaluates trends and emerging issues that affect …
