Sentences with phrase «commissioner lucie»

The Financial Consumer Agency of Canada commissioner Lucie Tedesco has stated her agency has launched a review of bank business practices and said the initial findings are due by the end of the year.

The Financial Consumer Agency of Canada found the number of households with a HELOC and a mortgage against their home has increased nearly 40 per cent since 2011, prompting commissioner Lucie Tedesco to caution this month the trend «may lead Canadians to use their homes as ATMs.»

Not exact matches

Lucie Tedesco, commissioner of the Financial Consumer Agency of Canada, said she is concerned by the allegations and issued a statement reminding the lenders of their obligations to obtain prior consent before increasing credit limits and providing clients with new products.