The Financial Consumer Agency of Canada (FCAC) announced a C$6.5m ($4.6m) fine leveraged against TD Bank in July over accusations that employees had not entered customers’ annual credit card rebates from September 1, 2001, to June 29, 2022. TD is ruled to have violated the Cost of Borrowing (Banks) Regulations (in effect until
Get full access, free for a month
This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.
What’s included:
- Every new article, plus our 5,000+ archive
- Daily regulatory insight and guidance
- Exclusive interviews and in-depth analysis
- Coverage of industry-leading events and conferences
- All podcasts and videos, featuring industry experts
- The full set of Rules Navigator tools
- An ad-free experience