Mr. Speaker, the Canadian Bankers Association refuses to reveal how much it fleeces consumers with high interest rates and fees on credit cards. At a time when the lending rate is low, credit card interest rates are at an all time high and show no sign of coming down. It is time for the government to empower the Financial Consumer Agency to audit the credit operations of Canada's banks and get answers for consumers.
When will the government learn from its mistakes and take action now to help stop the gouging of middle-class Canadians by credit card companies?