Consumer Credit Bill

I endorse entirely the comments of the right hon. Member for West Dunbartonshire (Mr. McFall), who chaired the Select Committee in the previous Parliament. Does the Minister accept that although we have made progress in achieving one method of calculating APR, that will achieve nothing in terms of transparency so long as there are 10 different methods of calculating interest, depending on when the calculation starts? There is no transparency, and consumers are therefore unable to compare one product with another.