Mr. Speaker, I appreciate my colleague's comments on this apparent attempt at a bill. When I read it, I could not find anything captivating in it. However, having read the recommendations from the task force, I realized that the bill was smoke and mirrors to try to keep what we really need out of the legislative agenda of the government. What we really need are these recommendations.
A number of individuals in my riding could really use some financial literacy when it comes to their daily banking and their ability to exchange their cheques for money. We have payday loan companies that operate with a 1,000% interest but there is nothing in the bill that talks about how we would put those payday loan companies out of business, which is what we should be aiming at. We should be aiming at financial literacy in a way that helps the poorest of the poor in this country but the bill does none of that.
Would my colleague like to comment further on that?