Proceeding contribution from Gerry Sutcliffe (Labour) 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 interested in what the hon. Gentleman is saying about the South African experience. Our worry is that a cap will prevent those at the lower end from being able to borrow. I realise that they will have to pay higher charges, but that is connected with their credit rating. What has the effect been in South Africa? We should bear in mind that the UK market is one of the most complex in the world.
Secondary information
- Type
- Proceeding contribution
- Reference
- 434 c1461
- 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 17:54:30 +0000
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