My hon. Friend mentioned Wonga, and he was right to suggest that 4,000% is an absurd rate of interest. Does he have a view on the rate at which interest should be capped for a fortnight's payday loan?
Financial Services Bill
Proceeding contribution from
David Mowat
(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 c721
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 16:51:48 +0000
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