Parliamentary Search

Proceeding contribution from David Drew (Labour) in the House of Commons on Monday, 25 January 2010. It occurred during Debate on bill on Financial Services Bill.

Financial Services Bill

I congratulate my hon. Friend on tabling his new clauses. Does he accept that one of the problems is that people live in complete ignorance of the levels at which they pay for credit? In other parts of the credit industry, we have got much better at demanding that those who sell credit have to explain what the repayment terms are and what problems could arise if someone does not pay the money back. That does not seem to happen in that end of the market to which he refers. Does he accept that?

Secondary information

Type
Proceeding contribution
Reference
504 c558 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Contracts Devolved matters Consumers Debts Bank services Banks Competition Cheques Credit agreements Credit Credit unions Building societies Bank of England Direct selling Credit cards Fees and charges EU law Financial services Financial institutions Exemptions Financial Services Authority Interest rates Financial markets Low incomes Northern Ireland Protection Pay Loans Office of Fair Trading Pension funds Registration Regulation Shares Unfair practices Council for Financial Stability
Legislation
Financial Services Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk