Proceeding contribution from Norman Lamb (Liberal Democrat) in the House of Commons on Thursday, 9 June 2005. It occurred during Debate on bill on Consumer Credit Bill.
Consumer Credit Bill
I am grateful to the right hon. Gentleman for that intervention. I would never support such interest rates, but the question is whether we should make them illegal. If people are pushed out of the market, DTI research suggests that they will drift into borrowing from criminals, who are self-evidently totally unregulated. We can continue this debate in Committee.
Secondary information
- Type
- Proceeding contribution
- Reference
- 434 c1435
- 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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- Timestamp
- 2024-01-26 17:54:34 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_250830
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