If your company is a fintech operating or hoping to operate in Canada with a business model that offers financial products, you should be aware that Canada s federal government has announced its intention to enact legislation that could apply to your organization. This impending legislation is the Consumer-Driven Banking Act CBDA, and it will set the foundation for a framework that enables consumers and small businesses to securely transfer their financial data through an API to approved service providers of their choice.
Open Banking: What New Consumer-Driven Banking Legislation Means For Fintechs in Canada | Bennett Jones LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Introduction - On April 30, 2024, the federal government tabled a Notice of Ways and Means Motion to introduce the Budget Implementation Act, 2024, No. 1 (Bill) to codify.
On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister Chrystia Freeland unveiled Budget 2024 (Budget). The Budget, titled “Fairness for every generation,” sets out the.
On November 21, 2023, the federal government released the 2023 Fall Economic Statement (FES), outlining its economic plan and next legislative steps. The FES sets out several key.