Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

December 17, 2009 15:45 ET

FCAC Launches Series of Video Testimonials Promoting the Importance of Financial Literacy

OTTAWA, ONTARIO--(Marketwire - Dec. 17, 2009) - The Financial Consumer Agency of Canada (FCAC) today launched its first series of FCAC Success Stories videos. In video clips, eleven Canadians share what they have learned about the importance of financial literacy to help consumers to learn from their experiences in dealing with debt and finance, and point out how FCAC's publications and interactive tools can help them develop and sharpen their financial knowledge and skills.

"You don't have to be a financial genius or investment expert to manage your personal finances effectively. But just as exercise is good for your health, a better understanding of money issues can help consumers improve their financial health, right now and in the future," explains FCAC Commissioner Ursula Menke. "By letting people who have overcome financial challenges tell their own stories, FCAC Success Stories are an effective way of showing how sound basic financial knowledge can help people make the best informed decisions for themselves."

The three- to four-minute video vignettes are presented in a simple and lively manner and feature consumers and financial literacy advocates who use FCAC resources. These include Pierre Roy, a New Brunswick high school teacher who uses FCAC's financial education program, The City. Another vignette features Monica Daga of Toronto, Ontario, who immigrated to Canada at the age of 14. Her unfamiliarity with the Canadian financial system soon led to a heavy student loan debt load. FCAC's tools helped her learn how to pay off her loans quickly and taught her the importance of drawing up - and especially sticking to - her budget.

FCAC Success Stories are available on the Agency's website at fcac-acfc.gc.ca.

About FCAC

With educational materials and interactive tools, FCAC provides objective information about financial products and services and informs consumers about their rights and responsibilities when dealing with banks and federally regulated trust, loan and insurance companies. Through its financial literacy program, FCAC helps Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC also makes sure that federally regulated financial institutions respect the laws and agreements that protect consumers.

To reach us, call our Consumer Contact Centre toll-free at 1-866-461-2232 (TTY: 613-947-7771 or toll-free at 1-866-914-6097) or visit our website at fcac-acfc.gc.ca.

FOR BROADCAST USE

The Financial Consumer Agency of Canada (FCAC) today launched its FCAC Success Stories video series. In three- to four-minute video clips, eleven Canadians share what they have learned about the importance of financial literacy to help consumers to learn from their experiences in dealing with debt and finance, and point out how FCAC's publications and interactive tools can help them develop and sharpen their financial knowledge and skills. To view FCAC Success Stories and discover a range of reliable, free information and interactive tools, visit fcac-acfc.gc.ca.

Contact Information