Mr. Speaker, I listened with interest to the member's speech. I heard him allude to the high profits realized by banks. I heard him refer specifically to, in his view, the diminished level of service or quality of service that is provided to customers of banks and to the closing of certain branches of banks.
I heard all of that, but at the same time, he rather seems, as I understand his comments, to be in favour of allowing other institutions, payday loan institutions, to be allowed to continue to charge rates of interest which are, in my view, far in excess of what a bank would charge and to impose on the consumer additional charges and fees, with the result that the consumer ends up paying an exorbitantly high amount for the loan received.
How does the hon. member opposite reconcile those two views?