March 27, 2018

The Big Six banks will fleece you – if you let them

Article by Rob Carrick Posted in the Globe and Mail  March 20th, 2018 A federal agency has stripped away any remaining pretense that banks are trustworthy providers of advice, assistance, guidance, help or anything else along those lines. The Financial Consumer Agency of Canada said in a report issued Tuesday that the corporate culture at the Big Six banks is sharply focused on selling products and services, and that there are insufficient controls in place to protect clients from aggressive sales practices. The FCAC has some ideas on improving consumer protection for bank customers, all of which sound worthwhile. But there’s […]