moved for leave to introduce Bill C-396, an act to establish the office of Credit Ombudsman to be an advocate for the interests of consumers and small business in credit matters and to investigate and report on the provision by financial institutions of consumer and small business credit by community and by industry in order to ensure equity in the distribution of credit resources.
Mr. Speaker, this bill will set up the office of a credit ombudsman to investigate and report on the availability of financial institutions to consumers and small business people throughout the country. The office will act as their representative and advocate to make sure the financial institutions are serving the communities and citizens of this country in the way financial institutions should serve Canada.
I recommend this bill to the House.
(Motions deemed adopted, bill read the first time and printed)