Financial Consumer Agency of Canada (FCAC)

The Financial Consumer Agency of Canada (FCAC) is a government agency that protects and informs Canadian consumers about financial products and services. Its main role is to promote financial literacy, ensuring people understand their rights and responsibilities when dealing with banks, credit unions, and other financial institutions. The FCAC also oversees these institutions to ensure they follow laws and regulations. By providing resources, tools, and guidance, the FCAC helps Canadians make informed financial decisions and resolve any issues they might face with their financial providers.