Mr. Speaker, I am having trouble understanding the member's argument that somehow this is an incursion into provincial jurisdiction. In fact what we are doing is turning over to the provinces the responsibility to regulate and control this industry. Those at risk, marginalized citizens, cannot access charter banks in many instances and they are forced to get money to deal with their financial needs from other places. There needs at least to be some regulation so that the huge interest rates that are being charged can no longer be charged.
In the House of Commons on February 6th, 2007. See this statement in context.