Fcac news and trends

Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement

March 21, 2018
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Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement

March 21, 2018
Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. The harder stance is the result of FCAC’s recent review of the domestic retail sales practices of Canada’s six largest banks. “FCAC found that [the] retail banking culture encourages employees to sell products and […]