How do I contact OSFI?

Chat with Money Support. (855) 456-SOFI (7634)
Chat with Personal Loans Support. (855) 456-SOFI (7634)
Chat with Student Loans Support. (855) 456-SOFI (7634)
(844) 763-4466.
(833) 277-SOFI (7634)

Is OSFI a Crown corporation?

While the Department of Finance reports directly to the minister, OSFI and the others are arm’s-length agencies or Crown corporations, reporting to Parliament through the minister.

Who is regulated by OSFI?

Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI) regulates and supervises all banks and federally incorporated or registered trust and loan companies in Canada, as well as insurance companies and fraternal benefit societies.

What does OSFI stand for?

Our Role. The Office of the Superintendent of Financial Institutions (OSFI) is an independent federal government agency that regulates and supervises more than 400 federally regulated financial institutions and 1,200 pension plans to determine whether they are in sound financial condition and meeting their requirements …

Are credit unions regulated by OSFI?

Until 2016, credit unions were regulated exclusively by the provinces. The model wove in unique cooperative elements for federal credit unions and established transitional elements to facilitate the migration of credit unions to federal jurisdiction and subject to OSFI’s regulation.

When was OSFI founded?

July 2, 1987
Office of the Superintendent of Financial Institutions/Founded

How do I file a complaint with OSFI?

Service feedback and Complaints:

Via telephone, 8:30 a.m. to 5:00 p.m. Eastern time, Monday through Friday. 1-800-385-8647.
Via fax: 613-990-5591.
Via email:[email protected].
Via regular mail: Office of the Superintendent of Financial Institutions Canada. 255 Albert Street. Ottawa, Ontario, Canada K1A 0H2.

What is OSFI compliance?

OSFI conducts supervisory work and monitors the performance of FRFIs to assess safety and soundness, the quality of control and governance processes, and regulatory compliance. Supervision is carried out within a framework that is principles-based and focused on material risks.

Is SoFi in Canada?

(Reuters) – Online lender Social Finance Inc said on Thursday it is pulling back from expanding into Australia and Canada as previously planned, choosing instead to focus on improving its core lending products like student loans and mortgages in its home market.

What bank does SoFi use?

The Bancorp Bank
SoFi Money® SoFi Money Debit Card issued by The Bancorp Bank. SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network.

Who are the partners of OSFI in Canada?

OSFI works closely with its federal partners, including the Department of Finance, the Bank of Canada, the Canada Deposit Insurance Corporation and the Financial Consumer Agency of Canada. View infographic.

Where can I find job listings for OSFI?

That’s our job – and having the right people assessing those risks, in our offices in Ottawa, Toronto, Vancouver and Montreal, is essential. Go to www.jobs.gc.ca to see a listing of our current job postings. Q. I am looking for a position at OSFI.

What does the OSFI do for financial institutions?

OSFI supervises by analyzing financial and economic trends to identify emerging issues that could adversely affect institutions. It assesses an institution’s financial condition, material risks and the quality of its governance, risk management and compliance.

Is the Office of the Chief Actuary part of OSFI?

The Office of the Chief Actuary is an independent unit housed within OSFI that provides a range of actuarial valuation and advisory services to the federal government. This includes actuarial reports on the Canada Pension Plan (CPP), Old Age Security Program and the Canada Student Loans Program.