C-365Government of Canada
An Act respecting the implementation of a consumer-led banking system for Canadians
Implements a consumer-led (or 'open') banking framework that would let bank customers grant third-party apps secure, read-only access to their financial data. Companion to the framework outlined in successive federal budgets but tabled as a Commons PMB to keep the file moving.
Status
✓
Introduced✓
1st Reading✓
2nd Reading✓
Committee5
Report6
3rd Reading7
Royal AssentQuick learn
Sets up a consumer-led 'open banking' framework so Canadians can give apps secure access to their own bank data. Pushes the file along after years of federal-budget promises.
Issues this bill touches
- Cost of Living
Consumer-led 'open banking' framework. Lets customers grant apps secure read-only access to their bank data.
- Economy & Jobs
Consumer-led 'open banking' framework.
Legislative history
- First reading
First reading in the House of Commons.
View source - Second reading
Second reading in the House of Commons.
View source
Official source
Read full text on Parliament of Canada