moved for leave to introduce Bill C-231, 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 would establish the office of a credit ombudsman to look at the problems that consumers and small businesses have with credit and to advocate on their behalf. The office would have the traditional powers of the office of an ombudsman.
(Motions deemed adopted, bill read the first time and printed)