Madam Speaker, this legislation would protect consumers. One example is the ability of Canadians to cash cheques up to $1,500 free of charge at any bank. It also would increase the maximum penalty for violation of consumer provisions in the legislation.
Aside from those consumer protections, I want to assure the member opposite that it is because of the actions of this government that we have the most sound financial system in the world. We also have, in our Minister of Finance, the world's best Minister of Finance, and, because of that, in 2007 we began the major overhaul of this act that resulted in the kind of banking system we have today, praised by the World Economic Forum as one of the best in the world.