Mr. Speaker, it is interesting, listening to my colleague opposite talk about the concern he and his government have for consumer protection. If there was that concern, why did the government not ban pay-to-pay fees for banks in the budget of 2014, when it did that very thing, under pressure from the NDP, and banned them for telecommunications and phone companies?
Additionally, I would just like to clarify that the term “pay-to-pay” was coined by a young volunteer in my office in Toronto when we were building this campaign and working to come up with a name. This young man, who was just in high school, said that it is a fee to pay a bill and that we are paying to pay our bills. That is how this whole issue got rolling.
I would like to ask the member opposite why the government did not ban pay-to-pay fees for banks when it had the opportunity? It could have saved consumers $180 million this year. It could have done that. It could have put that money back into the pockets of hard-working Canadians, but it did not. It allowed the banks to go on their merry way. Why is that?