Proceeding contribution from Mike Weir (Scottish National Party) in the House of Commons on Thursday, 9 June 2005. It occurred during Debate on bill on Consumer Credit Bill.
Consumer Credit Bill
I understand what the Minister is saying about interest rate caps, but does he not accept that another problem exists—the calculation of annual percentage rates—that has been brought to our attention for the purposes of this debate by Which? Different methods of calculation can lead to the paying of very different rates of interest, even though they may seem similar. Does the Minister propose to deal with this problem?
Secondary information
- Type
- Proceeding contribution
- Reference
- 434 c1406
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Consumers Appeals Debts Cheques Credit agreements Credit Credit cards Licensing Instalment credit Interest rates Low incomes Powers of entry Protection Loans Office of Fair Trading Money lenders Regulation Unfair practices Personal loans Financial Ombudsman Service Mediation
- Legislation
- Consumer Credit Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-01-26 18:42:13 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_250757
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