Banking, Trade and Commerce – June 19, 2014

In Committee from the Senate of Canada

Banking, Trade and Commerce – June 19, 2014

The committee holds its second hearing on Liberal Senator Pierrette Ringuette’s bill (S-202) to place limits on credit card acceptance fees that are charged to merchants when a credit card is used by a customer. Retail Council of Canada representatives Diane J. Brisebois and Karl Littler, along with Dan Kelly from the Canadian Federation of Independent Business, outline their support of the bill and also discuss credit card acceptance fees in general and the impact on consumers. Senators then hear from the following representatives of conservation associations: Greg Farrant with the Ontario Federation of Anglers and Hunters, Sarah McNeil from the B.C. Wildlife Federation, and Darrell Crabbe with the Saskatchewan Wildlife Federation. These witnesses also welcome the proposed legislation, as it contains an exemption from credit card acceptance fees for charitable organizations such as theirs. They discuss the significant impact the exemption will have for their organizations, which conduct a large volume of credit card transactions for items such as memberships. (June 19, 2014)