Over the last few weeks, there has been much press about how the banks have been accused of "upselling" clients and pressuring staff to market financial products to customers that they do not need. High-pressure sales tactics are not always that apparent. When one thinks of high-pressure sales tactics, it usually involves someone in your face trying to convince you to buy something you probably don't want. It is often a very uncomfortable situation, and all you can think about is trying to get away.
How can a company recover after being fined $185MM by the CFPB? Here's how.
Money isn't about numbers. It is about people, and values, and goals. The centre of a bank or for anyone coaching people to be better with their money should reflect that. It should be like a Home Depot for finances -- we can show you and cheer you on to do it yourself or be here for the hard stuff and take your hand when you need it
Thanks to the government of Canada (and most other governments around the world) pushing interest rates to very low levels, there appears to be no point in saving money. Banks pay zero interest on a typical savings account, and GICs aren't much better. What's the point of saving?
I have spent most of my adult life organizing campaigns, trying to make change for the better in regards to climate change
Top economists from Canada’s big five banks assembled for a rare team prognostication Monday to weigh in on everything from
Today, while regulators struggle with banks to get the derivatives market under control, these gambling instruments are being used just as dangerously as they were leading up to the recession. In fact, the banks and traders are even more aggressive now.
Not one of the executives at any of the 10 or so giant international investment banks in the U.S. and Europe that imploded the financial system five years ago by using illegal trading methods has gone to jail, or even been prosecuted. Why hasn't more been done? That's a good, and frustrating, question.
Five years after the Great Recession of 2007-08 destroyed the lives of millions of people and cost trillions of dollars, many of the big investment banks that caused the near total meltdown are still involved in shady and sometimes criminal financial gambling schemes that could crash the world economy again.
CFIB was quick to counter Visa's ill-advised campaign with an online campaign of our own, re-framing the whole notion of smallenfreuden in a way that exposes what it really is: another cash grab by the card companies and banks.