Bank fraud victims want Ottawa to make big banks pay more

Canadians are urging the government to make big banks like TD, Royal Bank, Scotiabank, CIBC, and the Bank of Montreal take more responsibility for fraud losses, which run into the hundreds of millions each year. Victims often end up bearing the costs themselves, and this push for change aims to shift the financial burden back to the banks. If successful, this could lead to more stringent regulations and protections for consumers, highlighting a broader movement to ensure financial institutions prioritize customer safety and accountability.