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Banks Raise Credit Card Rates Stir Public Outrage
The piece argues that major banks hike credit card rates to 16.5 percent while savers earn about 7.5 percent, calling the spread obscene. MP Reg Stackhouse promotes a private member’s bill to tie card charges to the Bank of Canada rate, accusing banks of greed and urging consumer protection.
MENTIONED IN THIS ARTICLE
Royal Bank
Canada
Visa
Scarboro
Reg Stackhouse
Reg
Stackhouse
Bank of Canada