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Ottawa Urged to Clamp on Excessive Credit Card Rates

Ottawa Urged to Clamp on Excessive Credit Card Rates
A new report commissioned by the Consumers Association of Canada noted that Ottawa should be clamping down on any excessive interest rates and penalty fees charged by credit card issuers during the current review of the credit and debit card industry. The report goes to say that new microchip protected credit cards should ... Full story
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Flaherty Unveils Credit Card and Debit Card Code of Conduct

Finance Minister Jim Flaherty has finally unveiled his long awaited proposed voluntary code of conduct for Canada’s multibillion-dollar credit and debit card industries. Within the proposed voluntary code of conduct, you will find a number of measures that will address the complaints brought forward by merchants. Flaherty noted that the proposed code is ... Full story
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