There is a lot of competition, but because people cannot understand APRs, it is irrelevant. If repayments were displayed in cash terms, competition would kick in and help consumers.
Financial Services Bill
Proceeding contribution from
Justin Tomlinson
(Conservative)
in the House of Commons on Monday, 23 April 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
543 c714
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-15 16:51:47 +0000
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