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Lending (Regulation) Bill

I congratulate the hon. Gentleman on having the opportunity to present his Bill for Second Reading. He said that it was put together very much at the last minute, so I am not attempting to pick holes or be pedantic, but could he explain what the words "offering credit" in clause 1(a) are supposed to refer to? They seem to be entirely superfluous given that later on in the Bill there is a definition of what a credit card cheque is. Perhaps it means something that I have not yet divined.