A translation of the second-to-last paragraph will follow. This is the paragraph: "Going forward, LoyaltyOne will adjust the value proposition to collectors to offset the lost economics … and to maintain, as closely as possible, the economics of the AIR MILES reward program prior to cancellation of the expiry policy,” the filing reads."
In layman's terms, the value of the Air Miles you have collected, and will collect in future, will be lowered so that you gets less for them.