Banks

OSFI-A Regulator Out of Balance with Credit Union Members!

By David Gouthro / July 19, 2017 / 182 Comments

Wish I could focus on something else in my posts, but that isn’t likely until the OSFI ruling about credit unions begins to reflect the application of some common sense. So, am I opposed to OSFI in general? Nope! In truth, I appreciate their intent to keep my meagre financial assets safe. In sharp contrast, their ruling that will […]

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What Do OSFI and Donald Trump Have in Common? [A]

What Do OSFI and Donald Trump Have in Common?

By David Gouthro / July 16, 2017 / 6 Comments

No, this is not a riddle. Nor is it a joke. Nor is it simply a way to get your attention so you’ll read this article. My observation (albeit from a distance) is that both seem to have unbridled power and the ability to make broad sweeping proclamations without any particularly acceptable rationale other than […]

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Making Sense of Regulatory Senselessness!

Making Sense of Regulatory Senselessness!

By David Gouthro / July 14, 2017 / 23 Comments

The craziness with OSFI’s* ridiculously restrictive ruling regarding Canadian credit unions’ use of certain words is gaining more widespread attention. My need for affiliation with this cause compels me to comment once again. I must first declare I’m a credit union member, not a credit union employee. As such, I have neither seen nor heard the […]

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Federal Regulatory Stupidity, Bullying or Both?

Federal Regulatory Stupidity, Bullying or Both?

By David Gouthro / July 6, 2017 / 78 Comments

ard to tell. Likely both. What am I referring to? Credit Unions will soon be unable to use the terms “bank”, “banker” or “banking” based on a ruling by OSFI (the federal Office of the Superintendent of Financial Institutions). You may wish to read the document that describes the Canadian Credit Union Association’s response. Credit […]

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What's Up With Those Canadian Banks?!?

What’s Up With Those Canadian Banks?!?

By David Gouthro / March 15, 2017 / 9 Comments

Unless you’ve had your head in the sand or your ears plugged recently, you’re likely aware of the coverage CBC has been providing on the concerns and complaints they’ve received from frontline employees and managers of TD Bank. It started with a few employees and managers complaining about the undue pressure and threats to job […]

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The uncreative mind can spot wrong answers, but it takes a creative mind to spot wrong questions. ~ Anthony Jay