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World Financial Group Insurance Agency of Canada Releases New Financial IQ Study about Consumer Financial Resilience
Less Than Half of Canadians Understand their Finances, While Concerned About Day-to-Day Cost of Living TORONTO, April 19, 2023 /CNW/ — World Financial Group Insurance Agency of Canada Inc. (WFGIAC) released the results of a new, independent Financial IQ™ study that assesses the financial resilience of the general Canadian population and WFG Canadian insurance agents. The findings show that during a time of economic uncertainty and ongoing challenges with rising food and energy costs, a large percentage (70{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}) of Canadians see the day-to-day cost of living being a top financial priority and less than half (41{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}) of households believe they are able to understand their personal finances. Additionally, 37{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} of those who participated in…
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US consumer finance chief calls for better risk management at banks, fintechs
March 28 (Reuters) – The modern failures of mid-sizing U.S. loan providers clearly show the need for a lot more robust threat management at banking institutions and fintechs, together with improved regulation, the head of the top rated purchaser financial watchdog company said on Tuesday. Consumer Economic Protection Bureau Director Rohit Chopra instructed a gathering of retail bankers in Las Vegas that regulators were seeking at liquidity, interest-level possibility administration, money frameworks, resolution organizing and tension testing. “It will be good for the field to have some sincere discussions with alone about what is the way for the regulatory framework to not produce this type of chance,” Chopra stated. As…
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Financial Literacy Workshops Held by FPA Chapters and Members Saw a 212{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} Increase in Consumer Attendance in 2022
The FPA group continues its function to offer lifetime-changing money information and education. DENVER, March 28, 2023 /PRNewswire/ — The Monetary Arranging Association® (FPA) is happy to announce that the range of buyers attending economical literacy workshops held by FPA chapters and associates in 2022 greater by an outstanding 212{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} from the former 12 months. This is a considerable accomplishment for the Association’s chapters and users that are focused to advertising and marketing financial literacy and training in communities throughout the place. The money literacy workshops held by FPA chapters and users present customers the possibility to learn about financial arranging, budgeting, investing, retirement scheduling, and other crucial economic topics.…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/MXWEWOA4NRPUZM5OR4FSUF7HSM.jpg "US consumer finance chief calls for better risk management at banks, fintechs")
