Moved by
Lord Stevenson of Balmacara
50B: After Clause 86, insert the following new Clause—
“Payday lenders levy
The Secretary of State shall produce an annual report on the level at which a levy on lenders in the high cost consumer credit market should be set and bring forward measures to ensure—
(a) provision of free debt advice for vulnerable consumers; and
(b) provision of affordable alternative credit through credit unions.”