Proceeding contribution from Baroness Burt of Solihull (Liberal Democrat) in the House of Commons on Monday, 23 April 2012. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
The point of payday lending is that it should be for a very short period. Such issues arise when there are innumerable roll-overs, as outlined by the hon. Member for Walthamstow (Stella Creasy). What we hope the industry will do and the review will achieve is either to confine roll-overs to a small number or to abolish them altogether, which would address the problem of the £2,000, which no one in this Chamber wants to see.
Secondary information
- Type
- Proceeding contribution
- Reference
- 543 c720
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Consumers Accountability Debts Banks Credit Advisory services Bank of England Fees and charges Financial services Financial institutions Interest rates Public appointments Mortgages Loans Office of Fair Trading Standards Regulation Repayments Trading standards Pre-payment Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Money Advice Service
- Legislation
- Financial Services Bill 2010-12 to 2012-13
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:51:48 +0000
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