Early day motion tabled by primary sponsor Vincent Cable (Liberal Democrat), on Thursday, 18 September 2003, in the House of Commons. It is signed by 47 members in total.

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CREDIT HEALTH WARNINGS

That this House notes with great concern the record levels of personal indebtedness facing UK consumers and the recent increase in the number of personal bankruptcies; further notes that the Citizen's Advice Bureau is facing over 1 million new debt enquiries per year; recognises the need for consumers to borrow responsibly but deplores the practice of irresponsible lending targeted at vulnerable consumers; and calls on the Government to publish strict guidance for responsible lending which lenders must be required to observe, including a compulsory requirement for prominently displayed credit health warnings on all material advertising credit products of any type.

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Secondary information

Type

Early day motion

Reference

1716 

Session

2002-03

Subjects

Debts Credit Financial services

Link

View this Early day motion on www.parliament.uk