As we modernize our banking system, we must correct for the dangerous consumer protection gap that persists, writes Vass Bednar. Read on.
Play Video
A laser focus on the potential of these policy developments misses a glaring gap: the financial sector has inconsistent consumer protection across the provinces. In a world in which only licensed banks provided all financial or bank-like activity, regulation in this space would be more straightforward and we could simply amend the Bank Act. But because there are so many complementary players and new ones constantly emerging, we will have to do more.
This situation is another instance of private actors writing the rules for a marketplace. A comprehensive federal retail payments oversight framework would have market conduct and consumer protection requirements, as the government presented in anGet the latest headlines, breaking news and columns.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canadians Draxl and Martin drop opening matches at NBO Toronto qualifyingCanada's Liam Draxl dropped a 7-6 (6), 6-4 decision to Argentina's Diego Schwartzman in first-round qualifying play at the National Bank Open on Saturday.
Lire la suite »
Tens of thousands of Canadians taking advantage of the new First Home Savings Account: RBCThe Royal Bank of Canada says it has seen a 'phenomenal early uptake' in the First Home Savings Account, a new program where prospective homebuyers can start saving and investing for a down payment tax-free.
Lire la suite »
Majority of Canadians blame climate change for extreme weather: NanosCanadians are twice as likely to attribute climate change as the cause of recent extreme weather events than natural variations of weather patterns, according to a new poll by Nanos Research for CTV News.
Lire la suite »
Two-thirds of Canadians say now is poor time for carbon tax increase: NanosTwo-thirds of Canadians say now is a poor time to increase the price on carbon, with a majority saying they believe raising prices on gas is an ineffective approach for curbing fuel emissions.
Lire la suite »
Carbon tax ineffective in curbing fuel emissions, majority of Canadians sayTwo-thirds of Canadians say now is a poor time to increase the price on carbon, with a majority saying they believe raising prices on gas is an ineffective approach for curbing fuel emissions.
Lire la suite »
Carbon tax ineffective in curbing fuel emissions: majority of CanadiansTwo-thirds of Canadians say it is a poor time to increase the carbon tax, with a majority saying they believe the tax on gas is ineffective at tackling climate change.
Lire la suite »