Tony Van Bynen at the Industry, Science and Technology Committee

On November 7th, 2024. See this statement in context.

November 7th, 2024 / 9:10 a.m.

Liberal

Tony Van Bynen Liberal Newmarket—Aurora, ON

Thank you.

The other part of the issue is that many of the credit cards companies are saying that the balances are paid off within the normal 21 days and that this is simply a payment instrument as opposed to a debt instrument.

Is there any indication of how much of the credit card debt is in relation to lines of credit, auto loans and personal loans?

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