Proceeding contribution from Iain Wright (Labour) in the House of Commons on Thursday, 9 June 2005. It occurred during Debate on bill on Consumer Credit Bill.
Consumer Credit Bill
My hon. Friend is being most generous in giving way. I wish to mention the principle according to which the more consumers borrow, the more that the credit card companies or other lenders allow them to borrow, thus pushing them to the very limit of affordability. Can he assure us that the Office of Fair Trading will look at that key issue when it considers lenders’ credit competence?
Secondary information
- Type
- Proceeding contribution
- Reference
- 434 c1409
- 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 17:56:03 +0000
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