Mr. Chairperson, this issue was raised by a number of witnesses. It's a major issue in many of our communities when families try to cash a cheque. They need the money for day-to-day living and they are encumbered with the fact that there's a hold on that cheque for currently up to ten days. Somewhere I heard over the course of these hearings that this is being changed to four to seven days, although I couldn't find the reference in the bill. If I could get that, it would be helpful.
I'm suggesting we need to do better than that. What we heard yesterday from folks was that it could even be as soon as processing happens--the hold lifted. I'm saying let's at least say 24 hours, which I think would take into account the cheque-imaging issues, and give people some quick way to access their own money without having to turn to payday lenders because they run out of money and then get into a vicious cycle of indebtedness.