On May 2, 2017, the Quebec Minister of Justice introduced at
first reading Bill 134, An Act mainly to modernize rules
relating to consumer credit and to regulate debt settlement service
contracts, high-cost credit contracts and loyalty
programs1 (the
"Bill").
By way of numerous proposed amendments to the Consumer
Protection Act2 (the
"CPA"), the Bill aims among
other things to implement new rules and obligations on merchants in
relation to consumer credit, and provide a new framework for
loyalty programs. In parallel, the Bill creates new requirements
dealing with business practices and advertizing.
Although seemingly limited in scope, the Bill is likely to
impact many Quebec merchants, including those who offer, directly
or indirectly, consumer credit and those who participate in loyalty
programs.
