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Finalized Code of Conduct for Credit and Debit Card Industry

19th May - Submitted by Alice Wong MP Staff

The Ministry of Finance has released the finalized Code of Conduct for the credit and debit card industries.

Under legislation currently before Parliament, the Jobs and Economic Growth Act (Bill C-9), the mandate of the Financial Consumer Agency of Canada (FCAC) will be expanded to enable the agency to monitor compliance with the Code once the legislation receives Royal Assent.

Since the release of the Code on April 16, Department of Finance and FCAC officials and stakeholders have agreed to a number of minor changes, which are highlighted in the revised Code.

You can view the Ministry of Finance news release here or the actual Code of Conduct here.

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