Mr. Speaker, it is a great question and I am glad I was finally able to hear it.
Regarding the Obama administration's Credit Card Accountability Responsibility and Disclosure Act, we are reflecting very similar plans that we want here in Canada. We want to see how we can protect our consumers.
What we are talking about in item (a) is protecting consumers from any time or any reason interest rate hikes or account changes. We have seen many examples, and I mentioned a few of them. We have seen letters from individuals right across the country who are saying that they signed up for a credit card at an 18% interest rate and all of a sudden they were told that the account changed and they would be paying a 26% interest rate.
We want to ensure there are no account changes and no interest rate hikes that these the companies could do for any reason. I do agree with the hon. member.