The Financial and Consumer Services Commission (FCNB) advises that due to the current and evolving pandemic situation, a hearing involving Les Entreprises RH Isolation et Décontamination has been adjourned to a future date.
The Financial and Consumer Services Tribunal has adjourned the hearing in respect of the company under the Direct Sellers Act and the Cost of Credit Disclosure and Payday Loans Act to a date to be determined. According to the commission, the company has undertaken not to do business in New Brunswick until the hearing is held.
On Jan. 31, following a series of complaints and an investigation, FCNB had applied to the tribunal for an order requiring the company to stop conducting regulated activities, under the two acts, in the province.
The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of provincial legislation regulating mortgage brokers, payday lenders, real estate, securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown corporation funded by the regulatory fees and assessments paid by the regulated sectors. Educational tools and resources are available online.