Okay, great.
Thank you very much to all of our witnesses. You bring very important testimony. Hopefully, over the next hour, I'll have a chance to ask you more questions on what you've raised.
I'd like to start with Mr. Cameron and ACORN.
ACORN has endorsed my bill, Bill C-274, to end predatory lending in this country. I'll give you an example, Mr. Cameron, before I ask you to give us back some other examples.
A constituent who borrowed $700 about nine years ago has paid $11,000 in interest and still owes the original $700. These are low-income Canadians who, particularly during a pandemic, are having to go to payday lenders and are being charged absolutely appalling amounts because it's legal to do so. My bill would seek to end the loopholes that allow for interest rates of 500% or 600%.
Can you tell us other examples of low-income Canadians being subject to predatory lending and losing everything because of the extraordinary interest rates that are legally charged?