Stress Testing A new residential mortgage stress test is coming. The new qualifying rate will be the greater of the borrower’s contract rate or the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus two percentage points....
Ontario launches FSRA, the Financial Services Regulatory Authority. FSRA will replace the Financial Services Commission of Ontario (FSCO) , as well as the Deposit Insurance Corporation of Ontario (DICO). FSRA will regulate the provinces insurance sector, pension...
A March 18th publication by Torys LLP raises the observation that perhaps its time for OSFI to update its guidance in respect of smaller credit unions wishing to amalgamate with federal credit unions. Credit union amalgamation continues to provide opportunities for...
Borrowers are increasingly choosing on-line sources for consumer loans. Does your credit union have a fintech strategy in place? Read more about this trend here.
