Credit Card Practices and Regulations in Canada

Order of reference adopted on Thursday, November 7, 2024:

That the 20th report of the Standing Committee on Industry and Technology, presented on Friday, November 1, 2024, be not now concurred in, but that it be recommitted to the committee for further consideration, provided that, for the purposes of this study:

(a) the following be ordered to appear as witnesses, for at least two hours each, at dates and times to be fixed by the Chair of the committee but no later than Tuesday, December 17, 2024,

(i) the Deputy Prime Minister and Minister of Finance,

(ii) the Minister of Innovation, Science and Industry,

(iii) Shereen Benzvy Miller, Commissioner of the Financial Consumer Agency of Canada,

(iv) Matthew Boswell, the Commissioner of Competition,

(v) Jeremy Wilmot, the President and Chief Executive Officer of Interac Corp.,

(vi) a panel consisting of Patrick Collison, co-founder and Chief Executive Officer of Stripe, and John Collison, cofounder and President of Stripe; and

(b) it be an instruction that the committee hold at least two other meetings to receive evidence from stakeholders and experts. The report was referred back to the Standing Committee on Industry and Technology.