Financial Services

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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.

TODAY is the LAST DAY to tell the government what you think about banking!!!

Friday, February 28th, 2014
Banking codes from other countries may be a good model for a Canadian Financial Code

Financial – Links

Saturday, January 25th, 2014
Make sure you’re not paying too much with Financial Consumer Agency of Canada’s interactive Cost of Banking Guide

Tell the government what you think about banking!

Friday, December 20th, 2013
Comment on the federal government’s Canada’s Financial Consumer Protection Framework: Consultation Paper

Canadians have important opportunity to weigh in on a financial consumer code

Tuesday, December 3rd, 2013
Today the federal Government announced broad public consultations as a first step towards a Consumer Code for financial consumers.

Consumer Group Calls for Increased Scrutiny of Loyalty Programs

Wednesday, November 13th, 2013
New PIAC report, “Customer Loyalty Programs: Are Rules Needed?”
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