Early day motion tabled by primary sponsor Clive Betts (Labour), on Thursday, 21 October 2010, in the House of Commons. It is signed by 43 members in total.

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DEBT MANAGEMENT FEES

That this House deplores as extremely damaging the poor practices engaged in by a number of debt management companies that charge fees of their customers, a practice uncovered by the Office of Fair Trading as part of the compliance review it conducted around its Debt Management Guidance; supports those demanding that the current system of self-regulation operating in that sector, which has palpably failed, be replaced by a statutory regime; and calls on the Government to bring forward the legislation necessary to introduce such a regulatory framework at the very earliest opportunity.

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Secondary information

Type

Early day motion

Reference

874 

Session

2010-12

Other sponsors

Yvonne Fovargue

George Howarth

Andrew Love

David Anderson

John Leech

Jessica Lee

Subjects

Financial services Loans

Link

View this Early day motion on www.parliament.uk