UK Parliament / Open data

Financial Services (Banking Reform) Bill

Proceeding contribution from Pat McFadden (Labour) in the House of Commons on Wednesday, 11 December 2013. It occurred during Debate on bills on Financial Services (Banking Reform) Bill.

Following on from the previous question, surely the Minister agrees that we can do better than offer people

a choice between having their legs broken and interest rates of several thousand per cent. Government Ministers accepted that logic in their recent announcement about an interest rate cap. Surely it is possible to bring in a system that gives some measure of protection to the consumer without driving them into the arms of illegal loan sharks.

Type
Proceeding contribution
Reference
572 c285 
Session
2013-14
Chamber / Committee
House of Commons chamber
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