Madam Speaker, the hon. member stated that we should rely on the banks to treat their customers properly. As he probably knows, the Scotiabank recently gave out $500 to $5,000 cheques to unsuspecting customers throughout the country. These elderly citizens thought it was either a gift or a donation from the bank, when in reality it was an unauthorized cash advance on their Visa cards.
When the Scotiabank does something like that and when the business editor, John MacLeod, of the Daily News mentions his outrage at this, how can we honestly trust the banks to do the right thing in all circumstances?
My question for the hon. member is, if the Scotiabank attempts to get away with something like that on unsuspecting customers, should there not be legislation in place to ensure that no bank or major financial institution can get away with so-called negative option billing or these so-called goodies out of customers who are unsuspecting?