Mr. Speaker, I am pretty sure that today hon. members will be able to share their concerns about what is happening in the credit card industry.
With regard to the motion before us, I wonder if the member could advise the House of the parallels between what is being proposed in the motion and the Obama actions taken. As well, could he assure the House that under point a) in the motion where it refers to “protect consumers from 'any time, any reason' interest rate increases and account changes”, it is presumed that these account changes would in fact be abusive or unfair changes as opposed to any changes? I would only assume that such legislation prescribing that there be no account changes would be counterproductive.