CIPPIC Calls for Greater Consumer Protection in Financial Sector

| May 29, 2009

Today, CIPPIC submitted a letter to the Financial Services Commission of Ontario highlighting the case for expanding the Ontario Consumer Protection Act so that it will better protect consumers from informational and other deficiencies in interactions with financial institutions.  Many such financial institutions are currently excluded from the CPA, yet consumers require CPA safeguards just as much during financial transactions as elsewhere, if not more.  The letter calls for a more detailed investigation of the issue.