Voluntary Codes of Conduct and Public Commitments

Voluntary Codes of Conduct are non-legislated commitments, voluntarily made by companies, associations and other organizations to influence or control behavior, for the benefit of both themselves and their communities. Voluntary codes and commitments can address the needs of consumers, workers, and citizens while helping companies remain competitive.

The banking industry has developed and is committed to several voluntary codes designed to protect consumers.

Voluntary Codes of Conduct

Public Commitments

  • Canadian Bankers Association's
  • Fraud Protection
    These commitments outline consumers’ liability in relation to fraudulent transactions on their credit cards.
  • Low-Cost and No-Cost Accounts
    Banks in Canada have agreed as an industry to adhere to the public commitment of Low-cost and No-Cost Bank Accounts by expanding their offerings of low-cost and no-cost bank accounts. The commitment is intended to protect consumers and save Canadians money by making banks offer low-cost bank accounts to any individual and offer no-cost accounts to youth, students, seniors qualifying for the Guaranteed Income Supplement, and to Registered Disability Savings Plan beneficiaries.

 
To view the details of above Voluntary Codes of Conduct and Public Commitments, please visit the Canadian Bankers Association website.

 

Achieving Customer Satisfaction

Customer satisfaction is a top priority at Laurentian Bank Group*. That is why we have put in place mechanisms to receive your comments on our policies and service quality, and to respond promptly when there is a problem that requires us to take corrective action. Ideally, problems should be resolved directly between the parties concerned, but that is not always possible.

For those situations, the Bank has created the Quality Management and Compliance team to improve service quality, provide assistance to customers upon request, and to communicate, when necessary, with the authorities concerned.

Laurentian Bank Group* is committed to several voluntary banking industry codes designed to protect consumers, and which describe the rights and responsibilities of the banks and their clients. These include the Online Payments Code, the Canadian Code of Practice for Consumer Debit Cards, the CBA Code of Conduct for Authorized Insurance Activities, and others.

If you have comments or complaints concerning our services, fees or confidentiality of personal information, we suggest you to download the “Achieving Customer Satisfaction” brochure.

Coercive tied selling

At Laurentian Bank and its subsidiaries, we require from all our employees to fully comply with the law by staying clear of coercive tied selling.

If you want to know what is coercive tied selling and how to contact us if you have any questions, complaints or concerns, we suggest you to download the “Coercive tied selling” brochure.