Financial Consumer Agency Of Canada

• Banks must resolve or close consumer complaints within 56 days: watchdog

  The FCAC's revised guideline also states that banks are not permitted to pause the legislated 56-day period in order to 'provide consumers greater transparency.'

  Canada

  Jun 23
  
• Struggling mortgage holders could see lenders waive fees under new guidelines

  Federally regulated banks have a new set of expectations when it comes to offering relief to homeowners who are struggling with higher mortgage payments.

  Money

  Jul 5, 2023
  
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• Money worries a leader in stress, overall mental health: survey

  A recent survey found 37 per cent of Canadians feel the need to delay their retirement because of difficulties in saving money.

  Consumer

  Oct 16, 2021
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• Have a complaint against your bank? You may face an uphill battle, watchdog report suggests

  Banks don't make it easy for customers to escalate complaints and the existence of two banking ombuds offices isn't helping, Canada's consumer financial watchdog said.

  Money

  Feb 19, 2020
• Can you trust your bank? Here’s what to watch for based on a new financial watchdog report

  A review of Canada's Big Six banks by the Financial Consumer Agency of Canada found risks of "mis-selling."

  Money

  Mar 20, 2018
• Negative equity is putting vehicle owners in risky position: FCAA

  Financial and Consumer Affairs Authority of Saskatchewan says a growing trend toward negative equity is putting consumers in a risky position.

  Consumer

  Aug 1, 2017
• Here’s what happens to your car loan if interest rates rise

  Watch for longer loan terms, not just higher monthly payments.

  Money

  Jul 11, 2017
• Why Canada’s top 3 ranking in global youth financial literacy test isn’t much to celebrate

  Canadian students' scores are OK, not great

  Canada

  May 24, 2017
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• Have you heard about savings loans? Think carefully before signing up for one

  Understand the loan terms and read the fine print

  Canada

  Apr 6, 2017
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• Federal financial consumer protection agency sounds alarm about credit repair companies

  The Financial Consumer Agency of Canada warned of steep costs associated with some debt-repayment or credit repair services

  Canada

  Apr 5, 2017