Even though the amount of Americans who can't repay their home loans reached record highs, the worst isn't over. BNN speaks to Michael Fratantoni, vice president, single-family research and policy development, Mortgage Bankers Association.
Finance Minister Jim Flaherty is proposing a voluntary code of conduct for Canada's credit and debit card industries. It includes a number of measures to tackle merchants' complaints that they are being gouged. For more on what this code could mean for retailers, BNN speaks to Diane Brisebois, president and CEO, Retail Council of Canada.
Jim Flaherty, Canada's minister of finance, wants to institute a voluntary code of conduct governing debit and credit cards in Canada. How will this affect Interac, the not-for-profit association that is part-owned by the banks, trust companies and others. BNN speaks to Mark O'Connell, president and CEO, Interac Association.