Mr. Speaker, I will go back to the question the hon. member for Trois-Rivières asked because her question was not fully answered.
In Quebec, we have a financial system that was implemented by institutions and designed with a view to protecting consumers through a consumer protection network. We are here in this House in the process of developing a new system that may interfere with the one already in place for protecting the most vulnerable from these types of loans.
As my colleague was saying, we are talking about loans with a 60% interest rate. In my opinion, a 60% interest rate is excessive. It practically amounts to usury and exploitation.
I do not understand the need to introduce a bill that interferes in a provincial jurisdiction. The addition of this measure will encourage financial institutions to further exploit the least fortunate in our society, when in Quebec and in other provinces, we already have legislation to protect the most vulnerable and the least fortunate in our society who often use this type of loan. I would like the hon. member to respond.
Why introduce a bill that will harm the most vulnerable in our society?