Act 2001
Financial Consumer Agency of Canada Act
Issued by Financial Consumer Agency of Canada
Plain-English summary
Federal statute (S.C. 2001, c. 9) that establishes the Financial Consumer Agency of Canada. Section 3 sets its objects, including supervising financial institutions for compliance with consumer provisions and, under s. 3(3), payment card network operators.
Who it applies to
Banking · Payments & Fintech
Topics
Conduct & Consumer Protection
Latest news
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…
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RBI penalizes Hero Fincorp for excess interest collection breaches
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of 10 lakh rupees on Hero Fincorp Limited on September 22, 2026, following supervisory findings of non-compliance with RBI's "Fair Practices Code for Lenders…