Wants Tougher Usury Law

The Senate banking committee yesterday opened hearings on a usury bill with an appeal to target unscrupulous lenders. Parliament hasn’t updated its law on criminal interest rates since 1978: “There is nothing to protect Canadian consumers.”

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MPs Pass Auto Safety Bill

MPs last night passed an auto safety bill by a vote of 296 to 0. The bill grants cabinet new powers to recall unsafe vehicles, but saves automakers from prosecution for selling defective cars and trucks: “It is nothing short of breathtaking.”

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