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Wealth Professional | 17 Aug 2017, 08:15 AM Agree 0
Two agencies are looking into retail sales tactics and how they could affect the industry
  • Uncle Bob | 17 Aug 2017, 11:25 AM Agree 0
    Yup ... and these are the folks that the regulators are essentially forcing the lower end financial consumer towards. Nice (not)!
  • | 17 Aug 2017, 01:53 PM Agree 0
    Gee, the banks using tied selling and coercive practices...never would have believed it
  • Atul Prakash | 18 Aug 2017, 02:28 PM Agree 0
    The Banks in Canada are answerable only to themselves! They are too big to fail in their financial clout.
    Most banking practices are geared towards tied selling which are beneficial to their Shareholders.
    Surprisingly, the level of needless advice given to Customers by their Tellers, is based on very little knowledge. Which creates lasting negative financial consequences for their own customers, for years to come.
    Their dispute resolution Ombudsman is an In - House Salaried Board, who can hardly be considered impartial.
    The formula which Banking Institutions use in calculation of Monthly Mortgage Payments is a loaded dice. It dwells on extending the interest calculations, where Interest Principle = Interest for 6 months!
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