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Company: Financial Consumer Agency of Canada

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Tedesco has led the FCAC’s expansion and modernization since her appointment as commissioner in 2013

  • By: IE Staff
  • August 1, 2018 September 5, 2018
  • 10:38
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The new members will build on the research the subcommittee has conducted during the past two years

Interior view of the Canada Commons of Parliament

FCAC publishes Report on Best Practices in Financial Consumer Protection

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The working group will collaborate on developing new programs and initiatives, and identify research priorities

Businessman Using Calculator With Piggybank And Stack Of Coins On Desk

Canada ranks third globally on financial knowledge, attitudes and behaviour

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The committee members will work broaden stakeholder engagement beyond traditional players

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The consumer watchdog reviewed business practices across Canada’s Big Six banks

Ottawa Canal at night

Feds also aim to modernize the deposit insurance system and implement a framework for resolving systemically important financial market infrastructure firms

The federal agency announced the review in March

Feds to consider expanded services from banks, fintechs

Financial institutions reimbursed $10.5 million to 1.2 million consumer accounts last year