Canada's Consumer-Driven Banking Framework Includes Registered and Non-Registered Investments
Under the Consumer-Driven Banking Act supervised by the Bank of Canada, participating banks, credit unions, and accredited fintechs must share chequing, savings, lending, and both registered and non-registered investment account data free of charge at a consumer's request. A second phase will consult on write-access features such as payment initiation.
canada.ca · Read the original ↗
More about openbanking
Financial Consumer Agency of Canada Updates Consumer-Driven Banking Guide
On October 23, 2026, the Financial Consumer Agency of Canada updated its official consumer-driven banking page, explaining how secure APIs will replace risky screen scraping so Canadians can share fin...
Bank of Canada Outlines Oversight Framework Under Consumer-Driven Banking Act
The Bank of Canada detailed its supervisory mandate under the Consumer-Driven Banking Act, setting operational resilience, security, and governance standards for participating financial institutions,...
Department of Finance Canada Pre-Publishes Consumer-Driven Banking Regulations in Canada Gazette
Department of Finance Canada pre-published the Consumer-Driven Banking Regulations in Part I of the Canada Gazette, establishing a staggered rollout starting with Bank of Canada accreditation and repl...