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AMF designates Equifax Canada and Trans Union of Canada as credit assessment agents
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MONTRÉAL, Feb. 2, 2021 /CNW Telbec/ - In accordance with the Credit Assessment Agents Act (the Act ), which came into force on February 1, 2021, the Autorité des marchés financiers (the AMF ) has designated
Equifax Canada and
Trans Union of Canada as credit assessment agents.
The Act specifically governs the supervision and regulation of credit assessment agents commercial practices and management practices. It puts consumers at the centre of credit assessment agents activities by giving them new rights regarding their credit reports so then they can better protect themselves against fraud and identity theft.
Autorité Des Marchés financiers Designates Equifax Canada And Trans Union Of Canada As Credit Assessment Agents Date
Autorité des marchés financiers (the “AMF”) has designated
Equifax Canada and
Trans Union of Canada as credit assessment agents.
The Act specifically governs the supervision and regulation of credit assessment agents’ commercial practices and management practices. It puts consumers at the centre of credit assessment agents’ activities by giving them new rights regarding their credit reports so they can better protect themselves against fraud and identity theft.
The AMF makes sure that consumers and businesses are able to fully exercise their rights and obtain the services they expect to receive from credit assessment agents. The AMF supervises and regulates agents’ activities and, if necessary, assists consumers and businesses in their dealings with them. The AMF coordinates its efforts with those of the Commission d’accès à l’