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Consumer Credit Bill

I entirely agree. That is not what I am seeking to do. I am trying to clarify the position. I can see nothing in the Bill that addresses that. My concern is that people will take out loans, thinking that they are dealing with a British company that is administered in Britain, pays its taxes in Britain and comes under British company law. When something goes wrong and a company goes into insolvency or has its licence revoked, one has no recourse if it turns out that it is based in another country, which will probably not be in the European Union.