Credit card companies, banks hit with class action – The Globe and Mail
Filed Under Main Content · Tagged: Banks, Credit Card Companies, Credit Cards, Globe And Mail, Globe Mail
The suit claims the credit card companies and banks conspired to force retailers to accept all of their credit cards — even if some cards charge them higher processing fees than others.
Credit card companies, banks hit with class action – The Globe and Mail
Banks can do more to restrain runaway household debt – The Globe and Mail
Filed Under Main Content · Tagged: Banks, Commotion, Consumer Debt Levels, Globe And Mail, Globe Mail, Household Debt
An overlooked question in all the commotion about high consumer debt levels: What about the banks?
Banks can do more to restrain runaway household debt – The Globe and Mail
Reduce CMHC role in mortgage insurance: CD Howe
Filed Under Main Content · Tagged: Banks, Business Insurance, Business Mortgage, Cd Howe, Financial Crisis, Home Loans, Insurance, Insurance Cd, Mortgage Insurance, Public Policy
Originally conceived as a vehicle for executing public policy, CHMC insurance levels have expanded dramatically, especially in the wake of the financial crisis as the government encouraged banks to hike lending by allowing them to securitize more home loans.
Reduce CMHC role in mortgage insurance: CD Howe
Carney says banks could cut costs to pay for new rules
Filed Under Main Content · Tagged: Academics, Bank Of Canada, Bank Of Canada Governor, Banks, Berlin, Business Leaders, Consumers, Estimates, Financial Budget, Financial Institutions, Global Rules, Interest Rates, Lenders, Mark Carney
Financial Post- Budget tightening at financial institutions and increased competition among lenders could offset higher borrowing costs linked with the introduction of new global rules on bank capital levels, Bank of Canada governor Mark Carney said Tuesday.
Speaking to business leaders and academics in Berlin, Mr. Carney said early estimates on potential higher interest rates consumers face in light of the new rules — agreed to over the past weekend by the so-called Basel Group of banking supervisors — understates the benefits and errs on overstating costs…
