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Financial Consumer Agency of Canada (FCAC)
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View this Thread in Original format
| rabbitjoker |
I thought this was important information - thus the reason for posting.
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The Financial Consumer Agency of Canada (FCAC) is a newly created agency.
FCAC works to protect and educate consumers in the area of financial services.
FCAC provides consumer information and oversee financial institutions to ensure that they comply with federal consumer protection measures.
Tools at http://www.fcac.gc.ca :
* Credit Card Interactive Tool
An easy-to-use interactive tool that will help you find the credit card that best matches your preferences and needs.
* Cost of Banking Guide - Update
We've updated the comparison tables to provide you with the latest banking package information.
* The Cost of Payday Loans - Update
A payday loan is a very expensive way to borrow money. Click here to see why.
* FCAC releases "Understanding Your Credit Report and Credit Score"
* Check out FCAC's new searchable complaint-handling database
* Bank Branch Closures
FCAC maintains a database of bank branch closures throughout Canada. This tool allows consumers to view branch closures by date, location and financial institution and to find the new branch locations where accounts were moved.
* Protecting consumers: The new federal banking regulations
Regulations related to:
- Opening a bank account
- Cashing a Government of Canada cheque |
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| StereoPrincess |
| most people don't know what sort of laws govern banks. not only that but what sort of services banks provide to customers. this is a useful tool. |
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| Fir3start3r |
Nice find RJ.
I'll be bookmarking this one for sure; cheers! |
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| 4-play |
| not bad...not bad at all! |
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| Sly_Guy |
| I hope this catches on so I have less people yelling at me on the counter. Specifically, the difference between certified cheques, personal cheques, bank drafts and money orders, and that one particular bank doesn't have access to all the information at another bank. Would cut out 95% of mismanaged yelling at me on a daily basis. Save that anger for your family instead. :toothless |
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| zoogla |
Good one RJ!!! And wtf, like YOU need a reason to post a thread? ;)
A few related links (you'll see these in the "links" section of RJ's link but I thought I'd point out a few key sections):
Office of the Superintendent of Financial Institutions Canada ("Beware of Scams" section):
http://www.osfi-bsif.gc.ca/osfi/ind...px?DetailId=164
You should also check out their "Banks" section for more detailed info on regulations and legislation. Some real page-turners in there! :p
Ombudsman for Banking Services and Investments ("Complaint Process" section):
http://www.obsi.ca/obsi/pages_english/comp_home.php3
EDIT:
Actually, I compared the two "Complaint" sections (FCAC vs. OBSI) and the FCAC is way more powerful! It actually shows you the specific resolution process for your own FI!!! Forget my link! :rolleyes: |
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| dEsidEL |
the FCAC makes my job very difficult at work ..
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