Consumer Credit Bill

I do not want to interrupt the flow of the hon. Gentleman’s argument—I appreciate that it might take him some time to get to the detail—but I should point out that amendment No. 3 would establish a licensing responsibility on the part of the OFT in examining the concept of irresponsible lending. He and his colleagues are widening the debate to include the unfairness test, but the amendment is concerned with the OFT’s powers in relation to the licensing function.