The fresh FCAC works with stakeholders to increase personal awareness towards costs regarding high-costs financing and you may choices to those financing issues. Data is on its webpages, therefore brings tools to assist Canadians prefer appropriate financial products (elizabeth.g., credit card comparison unit).
- How could the us government off Canada, for instance the FCAC, increase economic education and you may sense out of highest-prices payment fund to further enable and you can manage Canadians because they generate informed financial choices?
What is actually Second?
The federal government is within the procedure for meeting opinions away from all the interested stakeholders. Their input will assist us to obtain an entire understanding of the pros and you may risks of amending this new unlawful interest to address highest-rates payment fund of alternative lenders, and help revision future rules rules on this subject point.