Financial Services

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Banking on Change

Wednesday, December 21st, 2016
The Financial Code as we knew it ended up a bust, but a possible rebirth and changes to payday loans could improve consumers financial well-being

Summer 2016 Newsletter: Financially Uncertain

Tuesday, July 5th, 2016
PIAC continues to push for stronger regulations for payday loans, and a certain identity for the financial planning/advice industry

Bad Advice

Thursday, November 26th, 2015
Unregulated financial services can create confusion and uncertainty amongst consumers

Lending Consumers a Hand

Thursday, November 26th, 2015
The Ontario Government is taking another look at the payday loan industry and PIAC wants to see more responsible lending to consumers nationwide

PIAC Files Submission on Financial Advisory and Financial Planning Policy Alternatives for Ontario Consumers

Friday, September 25th, 2015
PIAC submits its views to the Ontario Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives. The Expert Committee was appointed by the Ontario Minister of Finance to provide advice and recommendations to the Ontario government regarding whether and to what extent financial planning and the giving of financial advice should be regulated in Ontario.

PIAC Files Submission on Alternative Financial Services to Ontario Ministry of Government and Consumer Services

Thursday, August 27th, 2015
PIAC submits an analysis to the Ontario Ministry of Government and Consumer Services as part of a consultation on how to strengthen consumer financial protection for consumers of alternative financial services. These services consisted of payday loans, instalment loans, money transfers (remittances), cheque cashing, pawnbroking, debt collection and rent-to-own.

PIAC Calls for New Payments Framework and Regulator

Monday, August 24th, 2015
In a new report, the Public Interest Advocacy Centre (PIAC) called for a payment system framework designed and implemented to oversee all retail payment-related activities, all types of payment instruments and all payments system providers in Canada. PIAC also recommended a dedicated body be established to monitor and regulate the Canadian payments ecosystem. The report, entitled “Innovative Oversight: strengthening the Canadian payments system,” was submitted to the federal Department of Finance as part of a consultation on the oversight of national payment systems.

Consumers unlikely to save money under Visa and MasterCard’s voluntary proposals

Wednesday, November 5th, 2014
The Public Interest Advocacy Centre (PIAC) questions the logic employed by the Minister of Finance that the two voluntary credit card proposals he accepted yesterday, “should ultimately result in lower prices for consumers.”

New PIAC report, “Deal of the Day?: Consumer Protection in Online Group Buying Deals”

Wednesday, March 19th, 2014
Canadian Deal Sites Need to Meet Consumer Expectations

PIAC Submission to Canada’s Financial Consumer Protection Framework: Consultation Paper

Monday, March 3rd, 2014
PIAC is pleased to provide public access to its submission to the Department of Finance on: Canada’s Financial Consumer Protection Framework: Consultation Paper.
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