The legislation involves and affects «regulated industries» that deal with third party money, which includes not only financial institutions such as banks but also lawyers and accountants. (cleggssolicitors.com)
So what we are left with, I fear, is the kind of complexity only financial institutions and advisers might love because of administrative and other fees. (canadianbusiness.com)
The mortgage approval and screening process is put in place to safeguard not only the financial institution but the borrower as well. (investopedia.com)