Mr. Speaker, I rise to present a petition on postal banking from residents of Canada who would like to draw to the attention of the House of Commons that nearly two million Canadians desperately need an alternative to payday lenders' crippling lending rates.
There are 3,800 Canada Post outlets that already exist in rural areas, where there are few banks and credit unions. Canada Post has the infrastructure to make a rapid transition to include postal banking.
The petitioners call on the government to enact the motion by the member for London—Fanshawe, M-166, to create a committee to study and propose a plan for postal banking under the Canada Post Corporation.