Fintechs Canada calls for action to improve SME access to financing
“Canada’s SMEs need a financial sector that works for them,” said Adriana Vega, Executive Director of Fintechs Canada. “By addressing regulatory barriers and promoting greater competition, we can create a more dynamic financial ecosystem that supports entrepreneurship, job creation, and economic growth.”
Fintechs Canada urges Ottawa to expand deposit insurance limits
Fintechs Canada is calling on the federal government to significantly expand deposit insurance coverage, warning that the current framework undermines competition by favouring the country’s largest banks. In its submission to Finance Canada’s consultation on modernizing the deposit insurance system, the association recommended raising coverage limits to $250,000 per category for retail depositors and $500,000 […]
Ontario should advocate for the expansion of open banking to all investment accounts and for stablecoin regulations, says Fintechs Canada
In its submission to the Ontario government’s 2025 Budget consultations, Fintechs Canada calls on the Ontario government to advocate for the extension of open banking requirements to all investment accounts and securities registrants and work with the federal government to develop a coordinated regulatory framework for fiat-backed stablecoins.
Fintechs Canada responds to the 2024 federal fall economic statement
Following the release of the 2024 fall economic statement, Fintechs Canada today expressed concern that the federal government’s continued focus on high-visibility announcements has not yet been matched with measurable follow-up action that benefits Canadian consumers and small businesses. “This government’s approach to making banks work better for Canadians is mostly talk and little action. […]
Regulate fiat-backed stablecoins like payment services, says Fintechs Canada
Fintechs Canada responds to the government’s consultation on potential approaches for regulating stablecoin arrangements in Canada.
Fintechs Canada responds to the government’s proposals to strengthen Canada’s financial sector
Fintechs Canada responded to the government’s proposals to strengthen Canada’s financial sector. The proposals outline initiatives under five key themes, including supporting a competitive market structure, enhancing consumer protections, modernizing the financial sector framework, adapting to geopolitical risks, and upholding world-class regulation. In their response, Fintechs Canada focuses on addressing questions related to supporting a […]
Fintechs Canada Responds to Right to Repair Consultation
Fintechs Canada responded to the government’s consultation on right to repair for home appliances and consumer electronics, which aims to give consumers more choices and information about repairing the products they buy. In its submission, Fintechs Canada warns that a broad application of a right to repair framework could unintentionally “include payment devices and technologies […]
Fintechs Canada Responds to Government’s Proposed Changes on the Criminal Interest Rate
Fintechs Canada responded to the government’s legislative proposals relating to the criminal interest rate under the Criminal Code.
Fintechs Canada responds to amendments to Canada’s AML/ATF Regime
Fintechs Canada responded to the government’s proposed amendments to Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime.
Fintechs Canada Comments on Bill C-65’s Prohibition of Prepaid Cards for Political Donations
Today Fintechs Canada sent a letter to Dominic LeBlanc, the Minister of Public Safety, Democratic Institutions, and Intergovernmental Relations, expressing concerns over Bill C-65 and its application to prepaid products in Canada.