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Debate on bill on Wednesday, 29 March 2006, in the House of Commons.

Consumer Credit Bill 2005-06

Consumer Credit Bill. Programme motion (No 2) on consideration of Lords amendments and subsequent stages. Agreed to on division (310 to 212). Consideration of Lords amendments. Lords amendments 1 to 15 agreed to.

Secondary information

Type
Parliamentary proceeding
Reference
444 c966-98 
Session
2005-06
Department
Department of Trade and Industry
Legislative stage
Lords amendments
Procedure
Programme motions
Chamber / Committee
House of Commons chamber
Related items
Consumer Credit Bill. Lords amendments.
Tuesday, 21 March 2006
Bills
House of Commons
Proceeding contributions
Gerry Sutcliffe | 444 c996-7 (Link to this contribution) Well, perhaps other issues have had an effect. We have had a good debate, which was conducted in the...
Show all contributions (100)
Gerry Sutcliffe | 444 c997-8 (Link to this contribution) It is easy to answer that. It was the power of the argument, especially from some of the noble Lords...
Mark Prisk | 444 c997 (Link to this contribution) What I did not hear from the Minister on amendment No. 3 was whether there was a particular reason w...
Ian Liddell-Grainger | 444 c995 (Link to this contribution) My hon. Friend has made a valid point. As he has said, the rate of company acquisitions in this coun...
Lord Jackson of Peterborough | 444 c995-6 (Link to this contribution) Is my hon. Friend concerned about the efficacy of evidence taking in respect of the OFT, given the e...
Ian Liddell-Grainger | 444 c996 (Link to this contribution) My hon. Friend has made a valid point. I was interested to hear my Front-Bench colleague, my hon. Fr...
Gerry Sutcliffe | 444 c996 (Link to this contribution) I said to colleagues that I expected this debate to be over quickly, on the basis that the Lords ame...
Ian Liddell-Grainger | 444 c994-5 (Link to this contribution) I was just about to come to that. Never mind my hon. Friend the Member for Wellingborough (Mr. Bone)...
Peter Bone | 444 c995 (Link to this contribution) My hon. Friend is making a powerful speech, and he has touched on the resources of the OFT. Does he ...
Jim Devine | 444 c991 (Link to this contribution) Is irresponsible lending based on giving a loan, but failing to reveal who provided that loan?
James Brokenshire | 444 c991-2 (Link to this contribution) I shall wait to see whether the Bill applies to us all in relation to any loans that may or may not ...
David Leslie Taylor | 444 c992 (Link to this contribution) As life president of outsourcing watch and privatisation watch, could the hon. Gentleman comment on ...
James Brokenshire | 444 c992 (Link to this contribution) I do not disagree with what my hon. Friend said in the context of clause 50 and amendment No. 4, alt...
Ian Liddell-Grainger | 444 c992-3 (Link to this contribution) I wish to respond to the comments made by my hon. Friend the Member for Hornchurch (James Brokenshir...
Gerry Sutcliffe | 444 c993 (Link to this contribution) I am grateful to the hon. Gentleman for giving way. I should point out that credit unions will not b...
James Brokenshire | 444 c990-1 (Link to this contribution) I would certainly like to put on the record my appreciation of the work of credit unions. However, t...
David Leslie Taylor | 444 c990 (Link to this contribution) The hon. Gentleman suggests that if borrowers were denied access to those lending organisations they...
James Brokenshire | 444 c991 (Link to this contribution) The Bill does not provide any indication of what constitutes responsible or irresponsible lending, s...
Peter Bone | 444 c994 (Link to this contribution) I hope that I am not about to steal my hon. Friend’s thunder, but he has mentioned the European Unio...
Ian Liddell-Grainger | 444 c994 (Link to this contribution) I always hesitate to mention Europe in this place—but luckily, certain hon. Members are not in their...
Ian Liddell-Grainger | 444 c994 (Link to this contribution) I entirely agree. That is not what I am seeking to do. I am trying to clarify the position. I can se...
Gerry Sutcliffe | 444 c994 (Link to this contribution) I think that I shall have some sport: there is going to be a European consumer credit directive, and...
Ian Liddell-Grainger | 444 c993 (Link to this contribution) I am grateful to the Minister. I am sure that credit unions throughout the United Kingdom and all th...
Ian Liddell-Grainger | 444 c993-4 (Link to this contribution) I could not agree more with my hon. Friend, and neither, no doubt, could the House. Most people who ...
Peter Bone | 444 c993 (Link to this contribution) Is my hon. Friend aware that the CABs are dealing with so many cases of debt that they can hardly co...
Ian Liddell-Grainger | 444 c993 (Link to this contribution) The hon. Gentleman’s proposal has great merit. Perhaps the Minister will consider it and in due cour...
Jim Devine | 444 c993 (Link to this contribution) The hon. Gentleman clearly knows a great deal about credit unions, as I do. Does he agree not only t...
Ian Liddell-Grainger | 444 c986 (Link to this contribution) : If a subsidiary company of a main body did the lending, the OFT would have to follow that through ...
Ed Davey | 444 c986 (Link to this contribution) The hon. Gentleman makes a good point. I hope that the Minister was listening. The question will be ...
Ed Davey | 444 c986-7 (Link to this contribution) I accept that, but let us imagine a situation in which the OFT has decided that it will not issue a ...
Mark Prisk | 444 c984 (Link to this contribution) There is much merit in what the Minister says, except for the fact that we are always concerned that...
Ed Davey | 444 c984-5 (Link to this contribution) : The House will be pleased to know that I will not take 39 minutes to make my remarks. I generally ...
Ed Davey | 444 c985-6 (Link to this contribution) I thank the hon. Gentleman for that intervention. He makes an interesting point. I hope that the Min...
Gerry Sutcliffe | 444 c984 (Link to this contribution) I am a fool to myself, but I want to help the hon. Gentleman. He is arguing that lots more should be...
James Brokenshire | 444 c989-90 (Link to this contribution) It is important that we have that clarification on the record. Given that the legislation is not a c...
James Brokenshire | 444 c989 (Link to this contribution) I see that the Minister wishes to intervene, so I hope that we will get clarification straight away....
Gerry Sutcliffe | 444 c989 (Link to this contribution) I intervene on the basis that I might not get the opportunity to give answers in full, given the tim...
James Brokenshire | 444 c989 (Link to this contribution) My hon. Friend makes the point to which I was trying to allude. I hope that the Minister will give u...
James Brokenshire | 444 c988 (Link to this contribution) : It is a pleasure to be locking horns with the Minister again on the Bill. I made my maiden speech ...
Peter Bone | 444 c989 (Link to this contribution) I am beginning to become very concerned as I listen to my hon. Friend. If the measure applies only t...
Mike Weir | 444 c987-8 (Link to this contribution) I understand the hon. Gentleman’s point. I am sure that examples could be given, but I would not wan...
Peter Bone | 444 c987 (Link to this contribution) I understand the hon. Gentleman’s point. Does he agree that we have not been given a single practica...
Mike Weir | 444 c987 (Link to this contribution) I shall be brief. I simply want to make a couple of points. Obviously, we welcome the amendments, wh...
Gerry Sutcliffe | 444 c974 (Link to this contribution) The amendment restricts the powers to affirmative resolution, because the Delegated Powers and Regul...
Ed Davey | 444 c974 (Link to this contribution) Can the Minister confirm that, if the Legislative and Regulatory Reform Bill is passed, the powers t...
Gerry Sutcliffe | 444 c973-4 (Link to this contribution) I acknowledge the work done by citizens advice bureaux and other advice agencies. The hon. Gentleman...
Philip Hollobone | 444 c973 (Link to this contribution) It is right for us to spend some time on that important issue, but I commend to the Minister the wor...
Gerry Sutcliffe | 444 c973 (Link to this contribution) I am happy to give way, but I want to make some progress, because most of the amendments are technic...
Gerry Sutcliffe | 444 c972-3 (Link to this contribution) That will depend on how we implement the provisions following discussions with the industry. We have...
James Brokenshire | 444 c972 (Link to this contribution) I welcome the introduction of the concept of irresponsible lending, which was debated in detail in C...
Ed Davey | 444 c974 (Link to this contribution) It is not that we disagree with the amendment. I think that the Government were right in anothe...
Mark Prisk | 444 c976 (Link to this contribution) The hon. Gentleman is right to suggest that if we become too prescriptive, the danger is that we wil...
Mike Weir | 444 c976 (Link to this contribution) What does the hon. Gentleman regard as irresponsible lending? I am slightly concerned that some Cons...
Mark Prisk | 444 c976-7 (Link to this contribution) I would be very unwise were I to try to widen the tenor of this debate, Mr. Deputy Speaker, because ...
Gerry Sutcliffe | 444 c976 (Link to this contribution) I do not want to interrupt the flow of the hon. Gentleman’s argument—I appreciate that it might take...
Mark Prisk | 444 c975 (Link to this contribution) Indeed, and I am sure that he will do so throughout this debate.
Mark Prisk | 444 c976 (Link to this contribution) I am grateful to my hon. Friend for that intervention and he is right: one key issue with all such l...
Peter Bone | 444 c975 (Link to this contribution) What worries me is that no practical examples have been given of what the wording means, which is no...
Mark Prisk | 444 c975 (Link to this contribution) I begin by thanking the Minister for his opening remarks and for organising the recent joint meeting...
Gerry Sutcliffe | 444 c974 (Link to this contribution) I am sorry to have misunderstood the hon. Gentleman’s point. He is right: the Legislative and Regula...
Lord Vaizey of Didcot | 444 c979 (Link to this contribution) My hon. Friend echoes the point that I made in Committee, which was that the absence of a definition...
Mark Prisk | 444 c978-9 (Link to this contribution) I did not participate in the Committee debates, so I am grateful to my hon. Friend the Member for Wa...
Lord Vaizey of Didcot | 444 c978 (Link to this contribution) My hon. Friend joins a long line of hon. Members who have tried to tease a definition of unfairness ...
Mark Prisk | 444 c979-80 (Link to this contribution) I am grateful to the hon. Member for Ealing, Comedy—I am sorry, Ealing, North for reminding us. On ...
Mark Prisk | 444 c979 (Link to this contribution) I am grateful to my hon. Friend. I was about to say that sometimes great minds think alike, but I am...
Gerry Sutcliffe | 444 c978 (Link to this contribution) I am grateful to the hon. Gentleman for pointing out that it was the Opposition who proposed a simil...
Mark Prisk | 444 c978 (Link to this contribution) I am not condemning the amendment. I want to ensure that it is implemented effectively. I have every...
Ed Davey | 444 c978 (Link to this contribution) The hon. Gentleman may be doing a disservice to the Opposition Front Bench in the other place. Did n...
Mark Prisk | 444 c982 (Link to this contribution) My hon. Friend’s trilogy of concern sadly reminds me of so many Bills that the Government generate. ...
Peter Bone | 444 c981-2 (Link to this contribution) Are not we being asked to pass into law something that is not transparent, on which guidance will be...
Mark Prisk | 444 c982-3 (Link to this contribution) I have always believed that, in a debate, one should listen to the argument first. I stick to that p...
Gerry Sutcliffe | 444 c982 (Link to this contribution) I can fully understand why the hon. Gentleman—he was not with us in Committee—is going over some of ...
Speaker | 444 c983 (Link to this contribution) Order. The House has probably heard enough recapitulations of what was said in Committee. Such infor...
Lord Vaizey of Didcot | 444 c983 (Link to this contribution) The Minister in saying that there would be no subcontracting also said that no police checks would t...
Mark Prisk | 444 c980 (Link to this contribution) I am just about to move on to amendment No. 3, but as there is a little time left, I will give way.
Ed Davey | 444 c980 (Link to this contribution) Will the hon. Gentleman give way?
Mark Prisk | 444 c980-1 (Link to this contribution) The hon. Gentleman is right. Data sharing is crucial. His predecessor as Liberal Democrat spokesman ...
Ed Davey | 444 c980 (Link to this contribution) The hon. Gentleman is so generous. Is not data sharing the key to greater transparency, as it would...
Ed Davey | 444 c972 (Link to this contribution) The Minister’s answer on how irresponsible practices would be defined seems to contradict what he sa...
Gerry Sutcliffe | 444 c972 (Link to this contribution) I have made great strides in ensuring that I do not determine the qualifications from the Dispatch B...
Gerry Sutcliffe | 444 c971 (Link to this contribution) The hon. Gentleman raises a fair question and if he lets me progress in my speech, I hope that I can...
Peter Bone | 444 c971-2 (Link to this contribution) The clause refers to ““deceitful”” practices. Would a practical example be the sending out of statem...
Michael Fallon | 444 c971 (Link to this contribution) The phrase ““irresponsible lending”” is included but not defined in the Bill. Is it to be left to th...
Gerry Sutcliffe | 444 c970 (Link to this contribution) I beg to move, That this House agrees with the Lords in the said amendment.
Speaker | 444 c970 (Link to this contribution) With this we may discuss Lords amendments Nos. 2 to 5.
Gerry Sutcliffe | 444 c971 (Link to this contribution) I am satisfied that the amendments, which were discussed in the Lords at great length, along with th...
Gerry Sutcliffe | 444 c970-1 (Link to this contribution) On Lords amendment No. 1, we believed that it was necessary to modify the wording of the proposed ne...
Ian Liddell-Grainger | 444 c971 (Link to this contribution) As the Minister is well aware, one of the big problems, is the policing of all these provisions. Wha...
Gerry Sutcliffe | 444 c971 (Link to this contribution) As I move on, I hope that I will be allowed the opportunity to talk about the implementation plan, w...
Mark Prisk | 444 c971 (Link to this contribution) Further to the excellent question from my hon. Friend the Member for Bridgwater (Mr. Liddell-Grainge...
Peter Bone | 444 c991 (Link to this contribution) Does my hon. Friend agree that the Government appear to be against irresponsible lending, but they d...
Mark Prisk | 444 c983-4 (Link to this contribution) I am sure that you are right, Mr. Deputy Speaker. It is important that we study these matters thorou...
Lord McCabe | 444 c994 (Link to this contribution) I do not doubt that international situations are difficult, as the hon. Gentleman says, but surely t...
Peter Bone | 444 c985 (Link to this contribution) : Is the hon. Gentleman concerned that a licence may be granted and then, later on, unfair practices...
Gerry Sutcliffe | 444 c972 (Link to this contribution) The hon. Gentleman is right in the context of why I did not go into the definition of unfair lending...
Gerry Sutcliffe | 444 c986 (Link to this contribution) We are running the risk of confusing the unfairness test and irresponsible lending. We want to be ve...
Mark Prisk | 444 c978 (Link to this contribution) The Minister is protective of my larynx, and I am grateful, but I want to ensure that the House as a...
Subjects
Consumers Disadvantaged Credit agreements Credit Credit unions Licensing Loans Office of Fair Trading Money lenders Regulation
Legislation
Consumer Credit Bill 2005-06
Link
View this Parliamentary proceeding on www.publications.parliament.uk