Now that the petition has reached the required threshold within 42 days, the Chamber of Deputies will have to debate the ULC's petition. The consumer protection association's petition called for better and fairer transaction fees for basic banking operations.
Specifically, the ULC suggested a significant reduction of fees in branch operations, such as taking cash out, making a transaction, or putting money into your account. The petition also called for cutting these fees completely for the elderly and disabled individuals.
The parliamentary commission on petitions made the decision on Tuesday to appoint the debate to both the Minister of Finance and the Minister for Consumer Protection. The commission must now find a date that works for all involved parties.
The commission president, Nancy Kemp-Arendt, outlined the upcoming process, which is to contact the petitioners having verified the signatures, of which there were significantly more than 5,000. She explained the commission's decision to appoint the debate to two ministers, as the petition falls into the realm of consumer protection as well as the jurisdiction of the Ministry of Finance.
