Bank Regulator's Report weakened after review by Trudeau government.

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Bank Regulator's Report weakened after review by Trudeau government.

https://www.cbc.ca/news/politics/fcac-bank-report-on-sales-tactics-weakened-1.5091115

Internal documents from the Financial Consumer Agency of Canada (FCAC) — obtained under Access to Information and provided to Go Public — show that some recommendations for action were weakened or removed, including a proposal to require that banks work in the best interest of consumers.

Another key edit was the addition of a line saying the review did not find "widespread mis-selling" by the banks.

It all paints a picture of the "cosy" relationship between the country's six big banks, the agency that's supposed to regulate them and the federal government, said Paul Thomas, professor emeritus of political studies at the University of Manitoba.