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Proceeding contribution from Sheila Gilmore (Labour) in the House of Commons on Monday, 23 April 2012. It occurred during Debate on bill on Financial Services Bill.

Financial Services Bill

I thank my hon. Friend for that important point of view. If we do not take steps to deal with high-cost credit, we will do many people a disservice. I urge the Minister, even at this stage, to support amendment 40. It does not lay down a set of rules, but merely asks the FCA to make the rules an important priority. In order to protect people who will often feel that they have little choice but to use this sort of lending, we need to have controls in place.

Secondary information

Type
Proceeding contribution
Reference
543 c723 
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