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Proceeding contribution from Ian Liddell-Grainger (Conservative) in the House of Commons on Wednesday, 29 March 2006. It occurred during Debate on bill on Consumer Credit Bill 2005-06.


Consumer Credit Bill

My hon. Friend has made a valid point. As he has said, the rate of company acquisitions in this country is enormous. Credit lenders, both large and small, are taken over daily. If one buys a fridge from, for example, Comet, one enters into some form of credit agreement, which can be sold by that company to another credit company. Will the OFT check each such company from the start?


Secondary information

Type
Proceeding contribution
Reference
444 c995 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Consumers Disadvantaged Credit agreements Credit Credit unions Licensing Loans Office of Fair Trading Money lenders Regulation
Legislation
Consumer Credit Bill 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk