SIGN NOW: Banks — Cut credit card interest during COVID-19
30,696 actions
goal: 40,000
The COVID-19 pandemic has forced people across the country to rely on credit cards to pay for basic essentials — like our food, medication and phone bills.
It’s a recipe for disaster. But there’s a way we could use our credit cards to pay for essentials without getting into bucketloads of debt.
The Bank of Canada slashed lending rates — and it’s cheaper than ever for the banks to lend money to their customers. There’s only one problem: the banks aren’t passing these savings on — they’re pocketing the profits instead. [1]
A massive, public petition, seen by all their customers and shareholders, and calling out the banks for profiting during a pandemic could convince them to reduce interest during COVID-19. But people are racking up debt every single day, so we need to act fast. Add your name now.
TD, BMO, Scotiabank, CIBC, RBC, and the National Bank of Canada:
Reduce credit card interest rates for customers during COVID-19.
To have impact, we need a massive, public petition that will be seen by the banks' customers and shareholders. Will you share the petition on social media now?
Leadnow is sustained by thousands of small, individual donations from across the country. Can you chip in to ramp up our pressure so the banks lower interest rates during COVID-19?
