Good morning, Madam Chair. My name is Clarke Cross. I'm the director of government relations for TransUnion Canada. I'm accompanied by my colleague, Matt Fabian, TransUnion's senior director of research and consulting.
We're pleased to be invited here today pursuant to the finance committee's interest in understanding how Canadians are managing credit debt. To help guide the committee and generate discussion today, we've taken the liberty of providing you with a package of data exhibits, which you should have before you now. Before I pass things over to Matt, I want to say a few words about TransUnion.
TransUnion is a leading provider of credit information services. For businesses, we verify consumers' credit applications so that businesses can make accurate decisions about an applicant's creditworthiness and thereby reduce their financial risk. For consumers, we provide resources to help them manage their credit health.
TransUnion maintains information on consumers furnished by data suppliers, mostly financial institutions from across Canada. Importantly for understanding the scope of our testimony today, we do not collect information about income, savings or cash flow.
Without further ado, I'm going to turn things over to Matt, who's going to take you through the numbers.