Thank you, Mr. Chair.
If I have the time, I am going to split my time with my colleague.
Mr. Conacher, I want to ask you about fraud. We all agree that transparency is a must in respect of credit cards, and we support protecting our consumers. The issue is that credit cards are being skimmed by fraudsters. We know this. It's a growing concern. As a matter of fact, I think last year over $1 billion was skimmed off. But we can't find out where this is happening because banks withhold the information. This can hurt retail business as well.
There are consumer advocacy groups, like the Consumers Council of Canada, that feel the law should be altered--we did deal with this in the ethics committee last year under PIPEDA--to simply allow banks to tell consumers where their credit card was breached. To quote the council, your agreement to get the credit card is with the bank, not with the retailer.
Would you be supportive of such a change and do you think consumers have the right to know?