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Changes coming to protect against identity and credit fraud in B.C.
Consumers will get free monthly credit reports, security alerts and credit freezes as B.C. tightens rules on subscriptions and direct sales.
- On Thursday, Attorney General Niki Sharma announced a package of consumer protections, with subscription and sales rules effective immediately and identity fraud safeguards arriving in August 2027.
- Consumers now hold the right to cancel subscription renewals without fees or penalties, while businesses must provide notice before auto-renewals and cannot use high-pressure sales tactics for expensive household products.
- Starting this month, residents can access free monthly credit reports and scores alongside cost-free security alerts and credit freezes. Sharma said this means "more control over your financial information and stronger tools to help stop fraud before it happens."
- Vulnerable residents, including seniors and newcomers, are the primary focus of these reforms. Sharma said, "We are also taking action to ban harmful practices that prey on vulnerable people, including seniors, newcomers and people on fixed income."
- By August 2027, the province will implement stricter requirements for credit reporting agencies and lenders under amendments to the Business Practices and Consumer Protection Act, making it harder for criminals to secure fraudulent loans in others' names.
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13 Articles
13 Articles
B.C. details new consumer protections, upcoming credit fraud crackdown
The B.C. government is bringing in new requirements for credit reporting agencies and lenders, protecting against identity fraud and making it harder for criminals to take out loans or get a credit card in someone else’s name.
·Toronto, Canada
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The Toronto Star+10 Reposted by 10 other sources
Changes coming to protect against identity and credit fraud in B.C.
The B.C. government is bringing in new requirements for credit reporting agencies and lenders, protecting against identity fraud and making it harder for criminals to take out loans or get
·Toronto, Canada
Read Full ArticleCoverage Details
Total News Sources13
Leaning Left4Leaning Right0Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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