FSRA to Host Virtual Credit Union Town Hall on December 12 and More
FSRA to host virtual credit union town hall on December 12 Please note that FSRA will be hosting an online town hall for Ontario…
November 27, 2024
BC NDP Appoints Brenda Bailey as Finance Minister
Brenda Bailey is a former entrepreneur in the tech sector, a reason that Premier Eby highlighted for her as the choice of Minister of…
Minimum Qualifying Rate Requirement Now Removed for Switch of Uninsured Mortgages
While announced in September, OSFI’s removal of the Minimum Qualifying Rate requirement for straight switches of uninsured mortgages is in effect as of November…
CCUA Prepares Submission on Proposed Acquisition of CWB by National Bank
Last week, CCUA prepared a submission to the Department of Finance’s consultation on the proposed acquisition of Canadian Western Bank (CWB) by the National…
FCAC’s Publishes Guideline for FRFIs to Consult on Branch Closures
On November 22, FCAC published a Guideline on the consultation process for branch closures, which goes into effect immediately. The new Guideline updates and…
OSFI Updates Fall Quarterly Release
On November 21st, OSFI held its fall Quarterly Release and announced measures that aim to streamline and strengthen its regulatory and supervisory oversight. OSFI…
CRA Surveying Mortgage Industry on Potential Income Verification Tool
As announced in Budget 2024, the Canada Revenue Agency (CRA) will consult with the mortgage industry on making a tool available to complement financial…
Department of Finance Consultation on Confronting the Financialization of Housing
In Budget 2024, the government committed to restrict the purchase and acquisition of existing single-family homes by very large, corporate investors. Housing should be…
November 26, 2024
Hike the Hill 2024 Recap
This week, CCUA hosted its annual Hike the Hill advocacy days in Ottawa which had over 50 credit union leaders in attendance participating in…
November 20, 2024
Manitoba 2024 MLA Reception Takes Place this Thursday!
This week, CCUA and CUCM will host a Credit Union MLA reception with Minister Adrian Sala on Thursday, November 21st, to help further the…
