On Tuesday June 30, 2009, the Standing Senate Committee on Banking Trade and Commerce (the "Senate Committee") tabled its report entitled "Transparency, Balance and Choice: Canada's Credit Card and Debit Card Systems" (the "Report"). The Report makes a number of important recommendations discussed below that will help to shape further consideration of changes to rules governing credit and debit cards in Canada.

type Financial Services Client Update – July 2009 - Raising the Stakes: Senate Committee Reports on Canada's Credit and Debit Card Systems