Bank of Canada Opens Registration Period for Payment Service Providers
On November 1st, the Bank of Canada opened the registration period for retail payment service providers (PSPs) subject to the Retail Payments Activities Act (RPAA). Companies in…
November 6, 2024
Lower credit card fees for small businesses took effect on October 19, 2024
In May 2023, the federal government announced an agreement with Visa and Mastercard for lower credit card merchant fees for small businesses. Under the new deal,…
CCUA To Participate in CRA Roundtable on Potential New Mortgage Income Verification Tool
Budget 2024 announced “the government’s intention to consult with the mortgage industry on making available a tool through the Canada Revenue Agency to complement the…
BC Election Results and Analysis
Following BC’s provincial election the BC NDP holds a majority of 47 seats, which is 10 fewer seats than prior to the election. Three…
Government of Prince Edward Island Passes Credit Union Act General Regulations Amendment
Through an Order in Council, the Government of Prince Edward Island have officially passed the Credit Union Act General Regulations Amendment. These new regulations include: …
Fresh Faces Fill the Saskatchewan Legislature
With Election Saskatchewan planning the final vote count on November 9 for this year’s provincial election, we know over half of the elected Members…
Government of Ontario Releases Fall Economic Statement
On October 30th, Minister of Finance Peter Bethlenfalvy released the 2024 Ontario Economic Outlook and Fiscal Review: Building Ontario for You. The Fall Economic Statement…
Libro Credit Union Announces Winners of its 2024 Annual Grants Program
Credit unions care about supporting local businesses. Libro Credit Union’s Annual Grants Program funds initiatives helping address local priorities aligned with our pillars of…
November 5, 2024
Canadians Now have a Single External Complaints Body for Banking. Participation is a Requirement of the Consumer-Driven Finance Framework
On November 1st, the Ombudsman for Banking Services and Investments (OBSI) assumed its responsibilities as Canada’s single external complaints body (ECB) for federally regulated…
You are Invited to CCUA’s Workshop on the Regional Climate Scenario Analysis Guide Project
The CCUA, with support from Delphi (a specialist climate and sustainability consulting firm), is developing a regional climate scenario analysis guide to help Canadian credit unions navigate…