Mr. Speaker, it appears as though the government has forgotten about those who are being most exploited, those who are going to these payday loan companies and paying up to 1500% in interest. Surely this is something the government could have addressed in its legislation on the Criminal Code.
Manitoba has recently introduced legislation to regulate these profit-takers, but it requires a change to the Criminal Code before its law can come into effect.
Canadians are waiting and progressive provinces are waiting to act. Why will the government not act to stop the cruel vulture behaviour of these payday loan companies?