The bank was fined $400,000 after it overcharged seniors $31 million
Consultation follows a report that exposed deficiencies with the current system
Frank Lofranco will oversee the agency’s supervision and enforcement activities
Former OSC commissioner to begin five-year term in August
Review will take a closer look at disputes handled by the banks internally and complaints escalated to OBSI and ADRBO
IFSE launches Tip of the Day awareness campaign
New enforcement division will improve agency’s ability to protect consumers
Tedesco has led the FCAC’s expansion and modernization since her appointment as commissioner in 2013
The new members will build on the research the subcommittee has conducted during the past two years
FCAC publishes Report on Best Practices in Financial Consumer Protection