Canadians now have single external complaints body for banking

eAwazLocal News

Ottawa – The Ombudsman for Banking Services and Investments (OBSI) assumed its responsibilities as Canada’s single external complaints body (ECB) for federally regulated banks. As part of its mandate, the Financial Consumer Agency of Canada (FCAC) protects consumers of financial products and services by supervising the compliance of federally regulated banks and the ECB with their legal obligations, including the …