With thousands of Saskatchewan people facing financial challenges because of the economic impacts of COVID-19, NDP Finance Critic Trent Wotherspoon is calling on the banks to cut credit card interest rates, and on the provincial government to protect families from predatory lending.
“People in our province were already stretched before COVID-19 hit, with half of Saskatchewan families living paycheque to paycheque. Now, with mounting job losses and layoffs, many families are at a breaking point,” said Wotherspoon. “We need to act now, before more families get trapped by massive credit card bills and gouged by predatory lenders during this vulnerable time.”