Proceeding contribution from Andrew Love (Labour) in the House of Commons on Monday, 25 January 2010. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
The proposed changes do not touch upon the widespread practice by store card and, indeed, other credit card organisations of ensuring that the part of the credit with the lowest interest rate is paid off first and the highest interest part is left until last. That practice should be much more widely publicised, and action should be taken against it.
Secondary information
- Type
- Proceeding contribution
- Reference
- 504 c571
- 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
Librarians' tools
- Timestamp
- 2023-12-11 09:59:18 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_614396
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