Credit Card Fairness Act

An Act to amend the Bank Act, the Trust and Loan Companies Act, the Insurance Companies Act and the Cooperative Credit Associations Act (credit cards)

This bill is from the 42nd Parliament, 1st session, which ended in September 2019.

Sponsor

Rachael Thomas  Conservative

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

Status

Defeated, as of May 1, 2019
(This bill did not become law.)

Summary

This is from the published bill.

This enactment amends the Bank Act, the Trust and Loan Companies Act, the Insurance Companies Act and the Cooperative Credit Associations Act to implement a number of measures respecting credit card accounts.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-419s:

C-419 (2024) National Strategy for Universal Eye Care Act
C-419 (2012) Law Language Skills Act
C-419 (2010) Valcartier Military Base Act
C-419 (2009) Valcartier Military Base Act
C-419 (2007) An Act to amend the Canada Elections Act (closed captioning)
C-419 (2007) An Act to amend the Canada Elections Act (closed captioning)

Votes

May 1, 2019 Failed 2nd reading of Bill C-419, An Act to amend the Bank Act, the Trust and Loan Companies Act, the Insurance Companies Act and the Cooperative Credit Associations Act (credit cards)

Consumer ProtectionPetitionsRoutine Proceedings

June 5th, 2019 / 5 p.m.


See context

Conservative

Rachael Thomas Conservative Lethbridge, AB

Mr. Speaker, today I have the privilege of presenting two petitions, one that is an electronic petition and one that is paper-based. Both of these petitions are of the same nature.

The petitioners call on the government to support Bill C-419, which is a private member's bill that I have on the floor on the House of Commons, calling for greater consumer protection with regards to credit card use. Ultimately, this comes down to fairness and transparency on behalf of Canadians.

As spoken

Expungement of Certain Cannabis-related Convictions ActPrivate Members' Business

April 11th, 2019 / 6 p.m.


See context

NDP

Robert Aubin NDP Trois-Rivières, QC

Mr. Speaker, I must humbly admit that something happened to me here yesterday that has never happened to me before, and I will probably remember it for the rest of my life.

Perhaps others have experienced something similar, such as thinking, for whatever reason, a Thursday was actually a Friday. They may have gone through their day as though it were well and truly Friday. Despite plenty of indications to the contrary, they may have been convinced it was Friday. Well, this week, I was slated to deliver two speeches in the House, one on Bill C-419 and the other on Bill C-415. For reasons that elude me still, the speech I gave yesterday was on the wrong subject. It was such a remarkably passionate and compelling speech that none of my fellow MPs on either side of the House thought it appropriate to rise and tell me that I was mistakenly talking about the wrong bill. I would have appreciated it if they had. If I were full of myself, I might choose to believe that people were hanging on my every word and wanted nothing but to hear what I might say next. Maybe they were just busy doing other things.

It still holds true that one cannot fix a mistake by repeating it. This evening, I will not speak about the credit card bill, although I really wanted to do so yesterday. I have been interested in this issue for years, even in the previous Parliament when I was the critic. If I may, I would like to extend my most sincere apologies to the member for Lethbridge, who is the bill's sponsor. I truly wanted to speak about her bill, because there is a lot to say. Moreover, I was previously a teacher and I have seen the consequences for all young people who, as they move from high school to college, are offered credit cards when they are not necessarily equipped to understand all the conditions of credit cards, which now are probably just as essential to Canadians as phones. It is impossible to make a reservation or to shop online without a credit card. To have one is one thing. To know how to use it wisely is another. Knowing the limits and all the terms and conditions is yet another. I am talking about credit cards, which I did not want to do. Once again, I apologize to my colleague from Lethbridge. I can assure her that I will be pleased to support her bill at second reading.

That said, I will come back to the topic on the agenda this evening, the bill introduced by my colleague from Victoria, someone I truly admire, as I told him yesterday. He has the ability to simplify a relatively complex situation and make it easier for everyone to understand. I gave a passionate speech and provided examples of people from my riding who are dealing with this problem as we speak. The Liberals' bill is not going to fix the situation. What is more, it is not likely to receive royal assent before the end of this Parliament. It is just smoke and mirrors. The government is not offering any solution to an issue that I believe is easily and very clearly resolved in the proposed bill from my colleague from Victoria.

My colleague has had the opportunity to review the blues and to familiarise himself with the speech I gave yesterday. It would be rather redundant of me to repeat ad nauseam the story that some of my colleagues may have heard during my moment of confusion. I will wrap it up since I had the chance to say what I wanted to say about this bill. Obviously, I will support the bill introduced by my colleague from Victoria.

I would now like to yield the floor to him as quickly as possible so he can draw this to a logical conclusion and try, along with me and everyone who spoke before me, to convince the Liberal government of the soundness of his arguments with respect to the bill this government has brought before us.

Translated