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Category: Canadian Economy

Quebec, Canada’s New Credit Rules (Bill 72): BMO Canceling Credit Cards & Lines of Credit Accounts – August 25, 2025

Posted on August 25, 2025 by RichInWriters

Quebec’s Bill 72 may be marketed as a pro-consumer reform, but the reality is more complex. By increasing minimum payments and layering on compliance costs, the law risks pushing more consumers into default and forcing banks to withdraw from retail lending in Quebec.

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