Ottawa Pushes For Reduced Banking Fees … For More Reckless Lending

Finance Minister Chrystia Freeland revealed during a news conference that Ottawa is implementing new guidelines to assist financially stressed mortgage borrowers in managing their increasing payments.  Additionally, the government is instructing the Financial Consumer Agency of Canada (FCAC) to establish expectations for lenders to reduce fees associated with personal banking accounts and services, including overdraft … Continue reading Ottawa Pushes For Reduced Banking Fees … For More Reckless Lending