I tabled this motion and sent it to the clerk last Monday morning. I will read it.
That the Finance Committee conduct a study of the various debit and credit card transaction fees imposed by merchants as well as the standard and transactional practices that justify them and report its observations and recommendations to the House.
MPs have surely received comments from merchants and individuals regarding the lack of transparency in the plastic card transaction system, whether credit or debit cards. The committee must examine this matter, carry out an analysis of these transactions, determine the causes of increases that may seem unjustified, the reasons for differences in transaction fees imposed on merchants and, eventually, passed on to consumers.
There is a serious lack of transparency in this area. The Standing Committee on Finance must look into this, especially since this form of payment is growing. We would go so far as to say that, quite often, merchants refuse cash. Thus, this is an important matter and we must examine it.