Mr. Speaker, I would like to ask the member for her observations on a few points.
Despite the Criminal Code of Canada making loans with excess interest rates illegal, and given that there have been so few prosecutions in the area such that this law has become necessary to fill the gap, why does my colleague think there was such a paucity of prosecutions? What could we have done about this? What should we do about it? As she knows, there is a limit to this payday loan exception.
Why are 850 of 1,300 payday loan sites supporting the bill? Does it make the member a little nervous? Is it perhaps it is a bit like the wolf setting the terms for the sheepdog's tenure on the sheep pasture?