Mr. Speaker, to add insult to injury, soon if people fall behind in a couple of payments, they will face a punishing 5% increase in credit card rates. The finance minister's response was another ineffective letter. The minister has failed to protect consumers on ATM fees, on outrageous text messaging fees and now on credit card interest rates.
Why is the government not standing up for Canadians? Why is it letting profitable banks exploit the pain of average people?