Mortgage Fraud & Income Verification: Bootstrap Canada Revenue Agency
Mortgage document fraud is a growing concern in Canada, but there is still no way directly verify the income of a mortgage applicant. Canada Revenue Agency (CRA) recently invited…
Posts & Notes
financial technology, open banking, stable coins • compliance and regulation • board leadership and good governance
Open banking is privacy regulation. Banks aim to sink it as financial regulation.
Linking open banking rules to bank failures is quite a stretch, but you cannot fault a bank historian (with bank clients) for trying:
Canadian Banks keep us waiting while Canadian Fintechs keep on building.
The Consumer Financial Protection Bureau has finalized rules for an open banking system in the United States. The largest institutions will have to comply by April 1, 2026. These…
Thoughts on Consumer-Driven Banking
Open banking is coming to Canada by 2025 as “consumerdriven banking.” The news is a huge win for Canadians — and a sigh of relief for those of us who have been advocating on their…
Thoughts on Open Banking
With yesterday’s Cabinet shuffle now behind us, I have been thinking about open banking — what has changed, what has not, and what comes next.