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Is there a consumer financial protection bureau in Canada?
Rounding it up
The Federal Consumer Agency of Canada (FCAC) is the country’s consumer financial protection agency.
They are tasked with regulating and enforcing the laws governing the financial industry.
The agency stems from the necessity for additional regulation of the market space in the early 2000s and the financial crisis in 2008.
The FCAC ensures that structures exist within institutions to allow customers to file complaints.
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.