SmartVote: Consumer expert approves of credit card rate cap

Jean-François Vinet
Financial Services Analyst
Option Consommateurs (Montreal)
vinet@option-consommateurs.org
tél. 514 598-7288

“The NDP’s proposal to cap credit card rates is good for Canadian consumers. Interest rates charged on credit cards don’t reflect the small amount of risk taken by the financial institutions, or the cost paid by the financial institutions to borrow money.”