Plastic rules

Ottawa is taking steps to regulate the pre-paid credit card market including banning expiry dates.

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  • Ottawa is taking steps to regulate the pre-paid credit card market including banning expiry dates. Issuers will also have to be upfront about hidden fees and conditions. Many pre-paid cards come with an activation fee, per-transaction fees and monthly service fees.
  • House prices in Canada fell in September compared to August though prices are still 3.6% higher than they were a year ago.
  • Suspect your credit rating is inaccurate? The Consumer Financial Protection Bureau has launched a complaint portal to register concerns with credit reporting agencies. The database will also take fraud, credit monitoring service, consumer disclosure and improper access complaints.

2 comments on “Plastic rules

  1. The Consumer Financial Protection Bureau is an American agency. Would this also work for Canadians?

    Reply

    • Hi Andrew and thanks for your question. It should since companies like TransUnion and Equifax work on both sides of the border. Your best bet is to contact the CFPA directly.

      Reply

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