Mr. Speaker, SMEs and consumers have good reason to be disgusted because, every year, $5 billion in hidden fees is being taken from Canadians' pockets and given directly to credit card companies. It is completely unacceptable.
Putting an end to excessive credit card interest rates is a simple way to resolve this problem. It would allow these billions of dollars to be reinjected into the economy and would stimulate growth.
Why are the Conservatives allowing consumers and SMEs to be victims of credit card companies' predatory practices?