I understand what the Minister is saying about interest rate caps, but does he not accept that another problem exists—the calculation of annual percentage rates—that has been brought to our attention for the purposes of this debate by Which? Different methods of calculation can lead to the paying of very different rates of interest, even though they may seem similar. Does the Minister propose to deal with this problem?
Consumer Credit Bill
Proceeding contribution from
Mike Weir
(Scottish National Party)
in the House of Commons on Thursday, 9 June 2005.
It occurred during Debate on bills on Consumer Credit Bill.
Type
Proceeding contribution
Reference
434 c1406 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-01-26 18:42:13 +0000
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