Proceeding contribution from Jim McGovern (Labour) in the House of Commons on Tuesday, 16 January 2007. It occurred during Adjournment debate on Bank Penalty Charges.

Bank Penalty Charges

I congratulate the hon. Gentleman on securing the debate. I am often contacted by constituents who are distressed at the level of bank charges levied on them. The worst cases are those in which multiple charges stem from one mistake. People try to cover the bank charge, end up missing other direct debits and go into a spiral of debt. Does he agree that we should at the very least be looking for banks to charge a maximum of one charge a month, rather than multiple charges, so that bank charges are not a cause of debt?

Secondary information

Type: Proceeding contribution
Reference: 455 c255WH
Session: 2006-07
Chamber / Committee: Westminster Hall
Subjects: Consumers Bank services Banks Fees and charges Protection
Link: View this Proceeding contribution on www.publications.parliament.uk

Bank Penalty Charges

Secondary information

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