Bill C-47 introduces a crackdown on predatory lending by bringing the criminal rate of interest from the equivalent of 47% annually down to 35% annually.
How will this measure help Canadians avoid crippling debt cycles? Can you please explain that?
On April 25th, 2023. See this statement in context.
April 25th, 2023 / noon
Liberal
Heath MacDonald Liberal Malpeque, PE
Bill C-47 introduces a crackdown on predatory lending by bringing the criminal rate of interest from the equivalent of 47% annually down to 35% annually.
How will this measure help Canadians avoid crippling debt cycles? Can you please explain that?
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