Mr. Speaker, Canadian consumers need protection from the predatory practices of the banks and credit card companies.
Excessive interest rates and high ATM fees hit consumers' wallets, while skyrocketing merchant fees make prices higher in Canada than our neighbours to the south, yet the Minister of Finance and the approach of the government have little effect.
Will the minister now admit that his approach is not working and agree to pass binding legislation to protect Canadian families, as outlined in the NDP motion passed by this House in 2009?