Feds’ Watchdog Catches 1%

The government watchdog Financial Consumer Agency of Canada issued fewer than 10 penalties on banks last year for violating federal regulations and codes, the equivalent of less than 1 percent of consumer complaints it investigated. The agency draws 85 percent of its budget from banks and insurers: “It doesn’t work”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top