An advisory committee has recommended the federal government take steps to enable open banking in Canada, but also proposed the term should be replaced with the potentially less-confusing “consumer-directed finance.”
The Financial Post last year reported on public-opinion polling done for the federal government that found none of the people being surveyed knew about open banking, or had heard of it at all. Furthermore, the polling found people disliked the term, as it made them imagine their information would be made public.
There are a number of other recommendations in the report, including “that the Government move forward to enable consumer-directed finance,” guided by principles such as consumer choice. The committee says there is a role for the government to spur the move toward consumer-directed finance, and that it should announce “a bold, clear and concrete timeline for delivering consumer-directed finance.”
I have another one. Replace the term 'Liberal' with 'Stupid'. Canadians will understand.
...then someone suggested 'cromulent financial self-pleasuring' and all hell broke loose.
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