This consultation in the budget is really important to me and I think to all Canadians. We've seen that the pandemic has had such an uneven impact on people. Some people are getting through okay or even doing well, but there are other people who are really struggling. We know that predatory lending and criminal rates of interest hit the most vulnerable Canadians. For many lower- and modest-income Canadians, predatory lending, including payday lending, can impose real hardship.
The consultation that we are launching is going to give us, as a government and as parliamentarians, a chance to talk to Canadians and really act on this issue, which can cause a lot of misery for a lot of people.