Based on our recent research and consultations with survivors, it appears that most major Canadian financial institutions are unfamiliar with economic abuse, as they lack the necessary policies or procedures to assist victims and survivors in rebuilding their lives.
To remove the structural barriers, we collaborate with the members of our National Task Force for Women’s Economic Justice Financial and Banking Services Committee, victims, stakeholders, financial institutions and women’s service organizations, to identify critical policy, services and procedure gaps, and to develop new approaches, products, and services for victims.
Perpetrators may be partners, family members or people on whom customers depend for support and the perpetrator may use the customer’s money in a way that limits the customer’s actions and future plans; they may be left with no money for basic essentials such as food and clothing for themselves or their children,
Head of Sustainable Banking Louise,
CCFWE has developed a comprehensive list of measures to fight economic abuse in collaboration with Canadian and international partners and experts on Intimate Partner Violence (IPV), economic empowerment, banking, mental health, and family law. By implementing these programs and policies, your organization can help protect survivors Economic Abuse and support such individuals in becoming financially independent. Informed in part by the Canadian code of conduct to protect seniors, a few of the action items CCFWE recommends include:
Our team is available to share more insights and recommendations from our recent Financial Future Summit Action Plan on how you can implement survivor protection policies, programs, and practices in your organization.
“My bank didn’t allow me to arrange payments on my mortgage while I was in transition housing. They were exposing my personal information to my ex husband while I was hiding in transition housing. This was problematic since we had a joint mortgage, and as the breadwinner, the payments were taken out of my accounts, not his” – Survivor Story
Participate
Join and sponsor the National Movement for Financial Equity and National Awareness Month. Your institution will:
To sponsor our National Awareness Month (Help us rise) Please email us: info@test.ccfwe.org
Read about submissions for the Financial Consumer Agency of Canada:
Resources
Our CBC interview about E – Transfer Abuse “Two national women’s organizations are demanding that Canada’s banks do more to stop threatening and abusive messages in e-transfers, which are sometimes used by abusers to contact their victims after they are blocked on other communication platforms”
Ottawa, Canada
Corp no 1187774-7
info@ccfwe.org
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