Canada’s Credit Unions Celebrate 19th Consecutive Win at 2023 Ipsos Financial Service Excellence Awards
Prestigious Awards Demonstrate Credit Unions’ Commitment to Member-Centric Service and Community Engagement. Toronto, ON, Oct. 10, 2023 – For the 19th consecutive year, Canada’s…
October 10, 2023
Community Impact and ESG Update as of October 10, 2023
This edition includes the consultation from the Department of Finance on cracking down predatory lending, resources on sustainability reporting and sustainable finance taxonomy. Please…
Credit Unions in Newfoundland & Labrador Partners with the Provincial Government to Launch Pilot Program for Small Businesses
Credit unions care about supporting small businesses in their local communities. Credit unions across Newfoundland and Labrador recently partnered with the Provincial Government to…
Consultation on Cracking Down on Predatory Lending Faster by Further Lowering the Criminal Rate of Interest and Increasing Access to Low-Cost Credit
The Department of Finance (DoF) is initiating consultations to tackle predatory lending more effectively. They are considering further reducing the criminal interest rate, increasing…
October 6, 2023
OSFI Issues Regulatory Notice for Commercial Risk Management
The Office of the Superintendent of Financial Institutions (“OSFI”) is elevating scrutiny on how FRFI’s are managing their commercial real estate (“CRE”) portfolios. “Commercial real estate…
October 4, 2023
Minister of Innovation, Science, and Industry Provides Update on Federal Privacy Legislation
Last week, the Minister of Innovation, Science, and Industry, Francois-Philippe Champagne, said that amendments to Bill C-27, the Digital Charter Implementation Act, will occur…
Federal Government Releases Voluntary Code of Conduct on AI Systems
On September 27th, the Department of Innovation Science and Industry announced a voluntary code of conduct on the ‘Responsible Development and Management of Advanced…
October 3, 2023
Enhancements Planned for CUDA Level CE Requirements
Canada’s financial service industry is among the strongest in the world, in part because of our country’s effective compliance and risk management standards. Ongoing…
2023 “What is a Credit Union?” Education Program – September Assets Now Available
CCUA’s “What is a Credit Union” educational program kicked off last month and is running organically on Canada’s credit union’s social and digital channels….
Celebrating 75 years of International Credit Union Day
Thursday, Oct. 19, 2023, marks the 75th anniversary of International Credit Union Day (ICU Day), an annual global celebration that has been observed every…