Consumer Credit Bill

My Lords, I thank the Minister for his very detailed reply to my amendments. In particular, I thank him for his commitment that the provisions will not come into force until the OFT has published its guidance. I am certain that the noble Lord, Lord Razzall, will be delighted about that as it was his suggestion. I also thank the noble Lords, Lord Razzall and Lord Beaumont of Whitley, and my noble friend Lord Freeman for the support that they have given me on these amendments. The noble Lord, Lord Borrie, started off speaking very nicely about my amendments, but it soon became clear that he was not supporting them. However, I believe he acknowledged the need—I do not remember his exact words—for a closer definition of what is meant. I took some comfort from that. In saying how unnecessary these amendments are, the Minister prayed in aid the brief that he received from Citizens Advice. I am sure he would acknowledge that, as good as that was, there were also many other briefs that said completely the opposite. I do not think that point should necessarily hold sway. The Minister also mentioned the unfair contract terms that can be looked at by debtors. If that is so, I cannot see any real reason why they cannot be put into regulations. Having said that, the Minister has asked us to withdraw the amendment which I most certainly will do, but it is right to say that I reserve my position for Third Reading. I am well aware that we do not bring matters back at Third Reading but, equally, the Minister will know that this was discussed in Grand Committee where we could not put it to a vote. This is Report stage and I understand that my Chief Whip has agreed that we should not divide today either as a photograph is being taken to commemorate 100 years of the Peers’ Labour Party. I hope the photo is excellent, but I want to ensure that we reserve our position. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendment No. 3 not moved.]