I encourage the Minister to broaden his comments to encompass all our concerns about high-cost credit companies. Having seen the wonderful damascene conversion to the need to tackle these companies, many of us want to ensure that we do not inadvertently miss out on not just those payday or short-term lenders, but doorstep lenders, logbook loans and hire purchase agreements. High-cost credit encapsulates all those issues, and I think it would be welcome to the regulator to know that the intention of Parliament is precisely to tackle the whole industry.
Financial Services Bill
Proceeding contribution from
Stella Creasy
(Labour)
in the House of Commons on Monday, 10 December 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
555 c88
Session
2012-13
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2023-11-26 10:42:13 +0000
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