Westminster Hall adjournment debate on consumer credit regulation.
Consumer Credit Regulation
Adjournment debate on Tuesday, 9 November 2010,
in the House of Commons,
led by Stella Creasy.
The answering
member was Lord Willetts.
Type
Parliamentary proceeding
Reference
518 c21-47WH 
Session
2010-12
Chamber / Committee
Westminster Hall
Proceeding contributions
Stella Creasy | 518 c26WH (Link to this contribution)
My hon. Friend is exactly right. There are many examples overseas from which we can learn, and I hop...
David Lammy | 518 c26-7WH (Link to this contribution)
Is not my hon. Friend trying to make the point that in communities such as ours—Tottenham is next do...
Show all contributions (65)
Stella Creasy | 518 c27-8WH (Link to this contribution)
My right hon. Friend is absolutely right. We know that it is possible to intervene effectively in su...
Lord Willetts | 518 c28WH (Link to this contribution)
The hon. Lady makes much play of the evidence from individual American states. Does she accept that ...
Fiona O'Donnell | 518 c25WH (Link to this contribution)
Has my hon. Friend heard today's news that the Government will not be proceeding with the people's b...
Stella Creasy | 518 c25WH (Link to this contribution)
I thank the hon. Gentleman for his point. I will certainly come to that, as there is concern about h...
Susan Elan Jones | 518 c26WH (Link to this contribution)
Does my hon. Friend accept that other jurisdictions such as Canada and the American state of Ohio, w...
Andrew Bridgen | 518 c25WH (Link to this contribution)
Some 10 years ago, I raised the crucial point of the capping of interest rates on loans to vulnerabl...
Stella Creasy | 518 c23-5WH (Link to this contribution)
My right hon. Friend makes an incredibly important point. With local authorities facing cuts of 25% ...
Neil Carmichael | 518 c31WH (Link to this contribution)
Has the hon. Lady considered the implications of the Bill of Sale Act 1878, which effectively enable...
Stella Creasy | 518 c31WH (Link to this contribution)
The hon. Gentleman makes a fair comment. The point behind today's debate is that there is overwhelmi...
Stella Creasy | 518 c30-1WH (Link to this contribution)
My hon. Friend is absolutely right and makes exactly the point I wanted to mention about how importa...
Rachel Reeves | 518 c30WH (Link to this contribution)
I thank my hon. Friend for securing the debate and I know that many of my constituents will be watch...
Stella Creasy | 518 c29-30WH (Link to this contribution)
As ever, my hon. Friend makes an incredibly practical and important point on these issues, which I s...
Derek Twigg | 518 c29WH (Link to this contribution)
I congratulate my hon. Friend on a powerful and excellent speech. When considering help for such fam...
Stella Creasy | 518 c29WH (Link to this contribution)
I would be interested if the hon. Gentleman could produce evidence for that, as opposed to making a ...
Andrew Bridgen | 518 c29WH (Link to this contribution)
I am extremely sympathetic to the hon. Lady's aims and cause. However, does she agree that some of t...
Stella Creasy | 518 c29WH (Link to this contribution)
The Minister expresses concern about the nature of federal government in America, but he ignores the...
Stella Creasy | 518 c21-3WH (Link to this contribution)
I have tabled this debate for a simple reason. As a new MP, it seems to me to be the best way to get...
Andrew Smith | 518 c23WH (Link to this contribution)
I congratulate my hon. Friend on securing this very important debate and on campaigning so vigorousl...
Chris Evans | 518 c43WH (Link to this contribution)
I have just watched the ““Jeremy Kyle Show””—I do not want to recommend that to anybody and I cannot...
Gareth Thomas | 518 c43WH (Link to this contribution)
I will not comment on my hon. Friend's television viewing habits, other than to say that I know he h...
Justin Tomlinson | 518 c42WH (Link to this contribution)
My hon. Friend makes a really important point. According to a survey carried out by the Nationwide B...
Gareth Thomas | 518 c42WH (Link to this contribution)
I join others who have spoken in commending my hon. Friend the Member for Walthamstow (Stella Creasy...
Justin Tomlinson | 518 c42WH (Link to this contribution)
I will be exceptionally brief. My huge notes have been cut back dramatically, and I will focus on on...
Andrew Percy | 518 c42WH (Link to this contribution)
It is really important to get financial education into our schools because one of the big problems w...
Baroness Burt of Solihull | 518 c41WH (Link to this contribution)
A burglar might have a lot of expertise in telling us how to keep our homes safe, so it is important...
Stella Creasy | 518 c41WH (Link to this contribution)
Does the hon. Lady share my concern that listening to the Finance and Leasing Association on how to ...
Gareth Thomas | 518 c44-5WH (Link to this contribution)
Forgive me but, given the time, I will not.
The hon. Member for East Hampshire raised the question ...
Lord Willetts | 518 c45-6WH (Link to this contribution)
We all wish to thank the hon. Member for Walthamstow (Stella Creasy) for securing this important deb...
Chris Evans | 518 c46WH (Link to this contribution)
When I visited a branch of Lloyds TSB recently, I was told that a major problem was that if good cus...
Gareth Thomas | 518 c43-4WH (Link to this contribution)
I trust that the Minister will clarify his intentions on that. The review should look at the three s...
Justin Tomlinson | 518 c44WH (Link to this contribution)
On giving access to debt advice, my constituency office is working with debt agencies to train our s...
Gareth Thomas | 518 c44WH (Link to this contribution)
I commend the hon. Gentleman's work on that, and I hope he will bring his experiences to his all-par...
Richard Graham | 518 c44WH (Link to this contribution)
Will the hon. Gentleman give way?
Damian Hinds | 518 c43WH (Link to this contribution)
There seems to have been a tiny bit of confusion earlier about the nature of the review to which the...
Gareth Thomas | 518 c43WH (Link to this contribution)
As the hon. Gentleman says, there has been a broader call for evidence. I hope the Minister will use...
Stella Creasy | 518 c43WH (Link to this contribution)
I am sure my hon. Friend will agree that it is one thing to ask the question, but the challenge is t...
Gareth Thomas | 518 c35WH (Link to this contribution)
I do not seek to make a partisan point, but will the hon. Gentleman join me nevertheless in asking t...
Damian Hinds | 518 c35-6WH (Link to this contribution)
I am sure the Minister has heard the question and made a note of it. What I will say about the growt...
Stella Creasy | 518 c31-2WH (Link to this contribution)
My hon. Friend makes an incredibly fair point. I certainly hope that the Minister will address that,...
Damian Hinds | 518 c32-5WH (Link to this contribution)
I congratulate the hon. Member for Walthamstow (Stella Creasy) on the clear, in many ways convincing...
Henry Smith | 518 c36WH (Link to this contribution)
The point was made a few moments ago that it is important that middle-income people also join credit...
Damian Hinds | 518 c36-7WH (Link to this contribution)
My hon. Friend makes a fine point, which I do not disagree with at all. I should say, for the avoida...
Baroness Chapman of Darlington | 518 c36WH (Link to this contribution)
I particularly welcome the hon. Gentleman's observation that this is not necessarily a party politic...
Damian Hinds | 518 c36WH (Link to this contribution)
I thank the hon. Lady profusely and will remunerate her suitably later for teeing me up for my next ...
Damian Hinds | 518 c37WH (Link to this contribution)
I am supremely relaxed about the names that are given to reviews, discussions and discussion documen...
Stella Creasy | 518 c37WH (Link to this contribution)
I take the hon. Gentleman's point, and I understand and recognise his experience in the credit union...
Pat Glass | 518 c37-9WH (Link to this contribution)
I thank my right hon. Friend the Member for Walthamstow (Stella Creasy)—sorry, my hon. Friend the Me...
Andrew Bridgen | 518 c39WH (Link to this contribution)
The hon. Lady speaks with great passion about individuals in her constituency, and I really feel for...
Pat Glass | 518 c39WH (Link to this contribution)
I understand what the hon. Gentleman is saying, but I do not think that it is relevant to the debate...
Richard Graham | 518 c39WH (Link to this contribution)
Will the hon. Lady give way?
Pat Glass | 518 c39WH (Link to this contribution)
I was about to say what the Government could do, but I shall give way.
Richard Graham | 518 c39WH (Link to this contribution)
On the three recommendations made by the hon. Member for Walthamstow (Stella Creasy), does the hon. ...
Baroness Burt of Solihull | 518 c40WH (Link to this contribution)
I shall be very brief. I congratulate the hon. Member for Walthamstow (Stella Creasy) on introducing...
Speaker | 518 c37WH (Link to this contribution)
Front-Bench speakers will be called at 10 past 12, so it would be appreciated if Members kept their ...
Andrew Bingham | 518 c40WH (Link to this contribution)
We could be in danger of using a blunt instrument here, and as has been said, if we knock an apple d...
Lord Willetts | 518 c47WH (Link to this contribution)
It is certainly an undertaking that if people, including the hon. Lady, come to us with evidence of ...
Stella Creasy | 518 c47WH (Link to this contribution)
Is that a yes? If we provide evidence that there needs to be action on interest rates charged across...
Lord Willetts | 518 c46-7WH (Link to this contribution)
Such abuse needs to be included in the review.
In the remaining few minutes available, I shall try ...
Stella Creasy | 518 c25-6WH (Link to this contribution)
I agree absolutely. It is a travesty. This debate is not just about cracking down on loan sharks; it...
Gareth Thomas | 518 c31WH (Link to this contribution)
I am grateful to my hon. Friend for securing the debate. Will she join me in asking the Minister to ...
Speaker | 518 c42WH (Link to this contribution)
Justin Tomlinson, you have two minutes.
Baroness Burt of Solihull | 518 c41WH (Link to this contribution)
I totally agree with the hon. Gentleman. As the hon. Member for Walthamstow said, it is very importa...
Pat Glass | 518 c39-40WH (Link to this contribution)
I thank the hon. Gentleman for making that point, which I was going to come on to. What I will say n...
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