Mr. Speaker, out of control fees and interest charges continue to drain the pockets of hard-hit consumers and businesses. Meanwhile, according to BusinessWeek, credit card companies are hurting their own revenues by hiking interest rates and pushing Canadians even further toward default or bankruptcy. There is no reason they cannot pass along some savings to consumers for both of their interests.
When will the government realize that reasonable limits are needed to ensure all Canadians survive this economic crisis and not just credit card companies?