November 21, 2024
Shereen Miller appointed Commissioner of Financial Consumer Agency of Canada for five-year term #CanadaFinance

Shereen Miller appointed Commissioner of Financial Consumer Agency of Canada for five-year term #CanadaFinance

CashNews.co

Miller holds degrees from McGill University, the University of Pennsylvania, and Osgoode Hall Law School. She has long been an advocate for human rights, diversity, and inclusion.

Miller will begin her five-year term on November 7, taking over from interim Commissioner Werner Liedtke. The FCAC Commissioner plays a role in protecting the rights and interests of Canadians in their interactions with financial institutions. The agency is responsible for ensuring that federally regulated financial entities, including banks, adhere to consumer protection laws and standards. Additionally, the FCAC promotes financial literacy among Canadians, working to enhance their financial well-being.

Freeland expressed her gratitude to both Miller and the outgoing Commissioner. “I extend my thanks to Ms. Miller for stepping up to advance Canadians’ rights and interests in their dealings with financial institutions across the country,” said Freeland in a statement. She added that Miller’s extensive experience in regulatory oversight and relationship-building with businesses positions her well to fulfil the agency’s mandate. Freeland also thanked Liedtke for his service over the past year.