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Proceeding contribution from Michael Jabez Foster (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 obviously does not want to make the case law today even though many of us wish that he would. Is not the issue that if the matter is left to the courts, the man on the Clapham omnibus will provide the test—an objective test? Credit, however, is very much a subjective problem, and poor people lose out. Does he not agree that the test should at the very least include the personal circumstances of the individual when determining whether a bargain is fair or unfair?


Secondary information

Type
Proceeding contribution
Reference
434 c1412 
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