Moved by
Lord Stevenson of Balmacara
105K: After Clause 86, insert the following new Clause—
“Credit broker fees
(1) The Consumer Credit Act 1974 is amended as follows.
(2) In section 160A (credit intermediaries), after subsection (4) insert—
“(4A) Persons engaged in credit intermediary activity under this section or credit brokerage under section 145 shall not charge or take any fee from a debtor in respect of these activities until such time as an introduction results in the debtor entering into a relevant agreement.””