» Private: Deposits » Consumer Protection
In compliance with the Bank Act and the Financial Consumer Protection Framework, VersaBank is dedicated to servicing our customers in a manner consistent with our commitments and which comply with our legal and regulatory obligations. The following is what you need to know about recent changes.
The Financial Consumer Protection Framework (FCPF) introduced new regulatory requirements across the Canadian banking industry to improve consumer protection. These include;
Revisions to this Framework also extend to third parties who sell or assisting in furthering the sale of a bank’s products or services. At VersaBank, we expect anyone selling our products or services to adhere to these consumer protections and transact in an ethical, honest and transparent manner.
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Deposit Insurance
VersaBank is a member of the Canada Deposit Insurance Corporation.
For more information about what’s covered and how it works, click the digital symbol.
View list of VersaBank’s Deposit Register of Eligible Products.
866-979-1919
140 Fullarton Street, Suite 2002 London, Ontario
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