Yes. I think we need to look at the fact that people are solicited without ever asking for a credit card, opening the door to all sorts of other types of credit. There is also a parallel credit market that needs to be monitored, one that especially affects low-income Canadians who do not have access to normal credit and thus resort to other forms of credit. Sometimes, that is the only way they can access cash, but it engulfs them in a vicious and endless debt cycle.
On May 13th, 2009. See this statement in context.