Media Advisory - CFIB asked to present to House of Commons joint committee regarding debit and credit cards

    TORONTO, May 11 /CNW/ - The Canadian Federation of Independent Business
(CFIB) has been asked to present to the joint meeting of the Standing
Committee on Finance and the Standing Committee on Industry, Science and
Technology on Tuesday regarding the impacts of the credit card industry on the
small business sector.
    CFIB president Catherine Swift, who will be presenting at these hearings,
said this forum is vital to obtain some badly needed insight into the credit
card industry and their pricing models. She added that in order to better
understand the lack of accountability and transparency within this duopoly
comprised of MasterCard and Visa, there is a compelling need to also hear
individually from the chartered banks. "Canada's banks are major players in
the credit card business," stated Swift, "and they should not be permitted to
remain under the radar. Hopefully this committee will bring them to the table
along with the other key stakeholders."
    CFIB's presentation to the House of Commons Committee will be aired via
parliamentary webcast from 3:30-6:00 P.M. EST. To view the webcast, please use
the following link:

For further information:

For further information: To arrange an interview with Catherine Swift
call Gisele Lumsden or Meghan Carrington at (416) 222-8022

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