Financial Consumer Code to Protect Investors
aliko-aapayrollservices.com - Small businessess from 1 to 80 employees outsource your payroll management to us and let us worry about your payroll processing.
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Tax changes to expect when you’re expecting
2016 Tax Tips for 2015 Filing Year
From Proprietorship to Corporation - When is the Best Time to Incorporate?
Tax Specialists Brief your Clients About CRA Fraud And E-Mail Scams
Bank of Canada cuts rates again

Most Popular Posts

Help your teenager build credit responsibly
Being an Executor of an Estate
Anti-Aging
Student Line of Credit
Principal Residence Exemption

Categories

aliko nutrition store- isotonix
aliko payroll services
canada revenue news and videos
canadian news
CPP ,OAS RRIF ANNUITY
Cross border Tax
Disability awareness and Benefits for disabled
estate planning
FINANCIAL LITERACY
HEALTH & NUTRITION
Home Car Insurance
Income Splitting Strategies in Retirement
INVESTING
kids and money -set your children up for financial success
life insurance
on line safety tips
online safety tips
PAYROLL
Real Estate - Investments / Retirement
RETIRE HAPPY BLOG
Retirement planning
SAVE YOUR MONEY
Save your money
SERVICE CANADA NEWS
small business planning
Tax Information for Students
tax news
tax planning
tax tips.ca
Tech news
TFSA

Archives

January 2016
July 2015
May 2015
April 2015
February 2015
December 2014
November 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013

powered by

MY BLOG

Financial Consumer Code to Protect Investors

Financial Consumer Code to Protect Investors
 
 
Financial Consumer Code to Protect Investors
 
 
The Government of Canada will develop a financial consumer code that could better inform and protect Canadian citizens when purchasing financial products and services.
 
 
The Government of Canada will develop a financial consumer code that could better inform and protect Canadian citizens when purchasing financial products and services.
 
 
Comments had been solicited via online consultations from December to February and on April 17, 2014 the Government launched roundtable discussions in Winnipeg and Vancouver on the topic.
The Government will consider this input when developing the comprehensive legislative framework that will result in the new consumer code. 
The following steps, listed on the Department of Finance website, note the existing initiatives available to ensure financial consumer protection:
 
·         Mandating an effective minimum 21-day, interest-free grace period on all new credit card purchases when a customer pays the outstanding balance in full and introducing a fee summary box;
·         Reducing the maximum cheque hold period to four days from seven days for cheques of less than $1,500 and providing consumers with access to the first $100 within 24 hours;
·         Banning unsolicited credit card cheques;
·         Requiring that financial institutions offer products and services on an opt-in basis only, where consumers have sufficient disclosure about the terms and conditions before accepting; and
·         Introducing new requirements for prepaid cards issued by federally regulated financial institutions requiring them to disclose to consumers relevant information at appropriate points in time. These regulations come into force on May 1, 2014.
 

1 Comment to Financial Consumer Code to Protect Investors :

Comments RSS
we buy houses in texas on April-30-15 6:19 PM
there is a massive financial edge for you to deciding on a small residence! Teeny houses price a lot less than common size houses. Thank you very much for me such an ideas for decorating the rooms and all, you give me a very helpful things. Please keep posting some more ideas.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment