Credit Ombudsman Act

An Act to establish the office of Credit Ombudsman to be an advocate for the interests of consumers and small business in credit matters and to investigate and report on the provision by financial institutions of consumer and small business credit by community and by industry in order to ensure equity in the distribution of credit resources

This bill was last introduced in the 37th Parliament, 1st Session, which ended in September 2002.

Sponsor

Lorne Nystrom  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Not active, as of Feb. 6, 2001
(This bill did not become law.)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Credit Ombudsman ActRoutine Proceedings

February 6th, 2001 / 10:10 a.m.
See context

NDP

Lorne Nystrom NDP Regina—Qu'Appelle, SK

moved for leave to introduce Bill C-231, an act to establish the office of Credit Ombudsman to be an advocate for the interests of consumers and small business in credit matters and to investigate and report on the provision by financial institutions of consumer and small business credit by community and by industry in order to ensure equity in the distribution of credit resources.

Mr. Speaker, this bill would establish the office of a credit ombudsman to look at the problems that consumers and small businesses have with credit and to advocate on their behalf. The office would have the traditional powers of the office of an ombudsman.

(Motions deemed adopted, bill read the first time and printed)