Financial Consumer Agency Of Canada

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The Financial Consumer Agency of Canada (FCAC) is an independent government agency of the Government of Canada.

Created in 2001, the agency works to protect and inform consumers in the area of financial services. FCAC provides consumer information and oversees financial institutions to ensure that they comply with federal consumer protection measures. FCAC is headed by a Commissioner, appointed for a five-year term. The first commissioner (2001-2006) was William G. Knight, a former credit union executive and New Democratic Party Member of Parliament from Saskatchewan. The current acting commissioner is Jim Callon. Jim Callon bio, fcac.gc.ca

Under its enforcement mandate, the agency investigates cases of non-compliance with consumer protection measures as set out in Canadian legislation. FCAC identifies potential cases using consumer complaints handled through its toll-free contact line, as well as through the inquiries and investigations of its officers. The agency's commissioner can impose a variety of penalties on institutions found to be in violation of consumer measures, including monetary penalties and public naming of the institution. "Our role and mandate", fcac.gc.ca

FCAC's commissioner reports to Parliament of Canada annually with his assessment of federally regulated institutions' compliance with legislation.

Under its consumer education mandate, FCAC publishes a number of guides on financial consumer issues available through its website, along with interactive tools that help consumers find credit cards and banking packages that suit their needs.

The agency rolled out a new consumer website, moneytools.ca, in March 2007.

References

External links

Official Website

Official Website

Welcome to the Financial Consumer Agency of Canada Web Site
The Financial Consumer Agency of Canada, FCAC, is a federal government agency that enforces financial consumer protection laws and provides information to consumers about financial ...

Welcome to the Financial Consumer Agency of Canada Web Site ...
Canadian federal government agency working to protect and educate consumers of financial services.

Welcome to the Financial Consumer Agency of Canada Web Site
Canadian federal agency working to protect and educate consumers of financial services. It oversees insurance, banking, and investing.

Financial Consumer Agency of Canada - Wikipedia, the free encyclopedia
The Financial Consumer Agency of Canada (FCAC) is an independent government agency of the Government of Canada. Created in 2001, the agency works to protect and inform consumers in ...

Financial Consumer Agency of Canada Act
presents the act that creates the Financial Consumer Agency, which aims to protect consumers by monitoring the business practices of financial institutions and educating consumers ...

Financial Consumer Agency of Canada - Mandate
describes the Agency's roles and responsibilities and its involvement in consumer matters ... Financial Consumer Agency of Canada - Mandate. Do you have questions or concerns ...

Welcome to the Financial Consumer Agency of Canada Web Site ...
Canadian federal government agency working to protect and educate consumers of financial services.

FINANCIAL CONSUMER AGENCY OF CANADA
Financial Consumer Agency of Canada . Contact1: Martine Bélanger, Media Relations Officer Phone (Bus): (613) 941-8982 (Fax): (613) 941-1436

Canadian Council of Better Business Bureaus
Overview of the Canadian Council of Better Business Bureaus . The Better Business Bureau movement started in the United States in 1912 and in Canada in 1935.