UK Parliament / Open data

Consumer Credit Bill 2005-06

Debate on bills on Wednesday, 29 March 2006, in the House of Commons.
Consumer Credit Bill. Programme motion (No 2) on consideration of Lords amendments and subsequent stages. Agreed to on division (310 to 212). Consideration of Lords amendments. Lords amendments 1 to 15 agreed to.

About these Parliamentary proceedings

Reference

444 c966-98 

Session

2005-06

Department

Department of Trade and Industry

Legislative stage

Lords amendments

Procedure

Programme motions

Chamber / Committee

House of Commons chamber

Related items

Consumer Credit Bill. Lords amendments.
Tuesday, 21 March 2006
Bills
House of Commons

Proceeding contributions

Gerry Sutcliffe | 444 c996-7 (Link to this contribution) Well, perhaps other issues have had an effect. We have had a good debate, which was conducted in the...
David Davis | 444 c996 (Link to this contribution) So did we.

Show all contributions (100)
Gerry Sutcliffe | 444 c997-8 (Link to this contribution) It is easy to answer that. It was the power of the argument, especially from some of the noble Lords...
Mark Prisk | 444 c997 (Link to this contribution) What I did not hear from the Minister on amendment No. 3 was whether there was a particular reason w...
Ian Liddell-Grainger | 444 c995 (Link to this contribution) My hon. Friend has made a valid point. As he has said, the rate of company acquisitions in this coun...
Lord Jackson of Peterborough | 444 c995-6 (Link to this contribution) Is my hon. Friend concerned about the efficacy of evidence taking in respect of the OFT, given the e...
Ian Liddell-Grainger | 444 c996 (Link to this contribution) My hon. Friend has made a valid point. I was interested to hear my Front-Bench colleague, my hon. Fr...
Gerry Sutcliffe | 444 c996 (Link to this contribution) I said to colleagues that I expected this debate to be over quickly, on the basis that the Lords ame...
Ian Liddell-Grainger | 444 c994-5 (Link to this contribution) I was just about to come to that. Never mind my hon. Friend the Member for Wellingborough (Mr. Bone)...
Peter Bone | 444 c995 (Link to this contribution) My hon. Friend is making a powerful speech, and he has touched on the resources of the OFT. Does he ...
Jim Devine | 444 c991 (Link to this contribution) Is irresponsible lending based on giving a loan, but failing to reveal who provided that loan?
James Brokenshire | 444 c991-2 (Link to this contribution) I shall wait to see whether the Bill applies to us all in relation to any loans that may or may not ...
David Leslie Taylor | 444 c992 (Link to this contribution) As life president of outsourcing watch and privatisation watch, could the hon. Gentleman comment on ...
James Brokenshire | 444 c992 (Link to this contribution) I do not disagree with what my hon. Friend said in the context of clause 50 and amendment No. 4, alt...
Ian Liddell-Grainger | 444 c992-3 (Link to this contribution) I wish to respond to the comments made by my hon. Friend the Member for Hornchurch (James Brokenshir...
Gerry Sutcliffe | 444 c993 (Link to this contribution) I am grateful to the hon. Gentleman for giving way. I should point out that credit unions will not b...
James Brokenshire | 444 c990-1 (Link to this contribution) I would certainly like to put on the record my appreciation of the work of credit unions. However, t...
David Leslie Taylor | 444 c990 (Link to this contribution) The hon. Gentleman suggests that if borrowers were denied access to those lending organisations they...
James Brokenshire | 444 c991 (Link to this contribution) The Bill does not provide any indication of what constitutes responsible or irresponsible lending, s...
Peter Bone | 444 c994 (Link to this contribution) I hope that I am not about to steal my hon. Friend’s thunder, but he has mentioned the European Unio...
Ian Liddell-Grainger | 444 c994 (Link to this contribution) I always hesitate to mention Europe in this place—but luckily, certain hon. Members are not in their...
Ian Liddell-Grainger | 444 c994 (Link to this contribution) I entirely agree. That is not what I am seeking to do. I am trying to clarify the position. I can se...
Gerry Sutcliffe | 444 c994 (Link to this contribution) I think that I shall have some sport: there is going to be a European consumer credit directive, and...
Ian Liddell-Grainger | 444 c993 (Link to this contribution) I am grateful to the Minister. I am sure that credit unions throughout the United Kingdom and all th...
Ian Liddell-Grainger | 444 c993-4 (Link to this contribution) I could not agree more with my hon. Friend, and neither, no doubt, could the House. Most people who ...
Peter Bone | 444 c993 (Link to this contribution) Is my hon. Friend aware that the CABs are dealing with so many cases of debt that they can hardly co...
Ian Liddell-Grainger | 444 c993 (Link to this contribution) The hon. Gentleman’s proposal has great merit. Perhaps the Minister will consider it and in due cour...
Jim Devine | 444 c993 (Link to this contribution) The hon. Gentleman clearly knows a great deal about credit unions, as I do. Does he agree not only t...
Ian Liddell-Grainger | 444 c986 (Link to this contribution) : If a subsidiary company of a main body did the lending, the OFT would have to follow that through ...
Ed Davey | 444 c986 (Link to this contribution) The hon. Gentleman makes a good point. I hope that the Minister was listening. The question will be ...
Ed Davey | 444 c986-7 (Link to this contribution) I accept that, but let us imagine a situation in which the OFT has decided that it will not issue a ...
Mark Prisk | 444 c984 (Link to this contribution) There is much merit in what the Minister says, except for the fact that we are always concerned that...
Ed Davey | 444 c984-5 (Link to this contribution) : The House will be pleased to know that I will not take 39 minutes to make my remarks. I generally ...
Ed Davey | 444 c985-6 (Link to this contribution) I thank the hon. Gentleman for that intervention. He makes an interesting point. I hope that the Min...
Gerry Sutcliffe | 444 c984 (Link to this contribution) I am a fool to myself, but I want to help the hon. Gentleman. He is arguing that lots more should be...
James Brokenshire | 444 c989-90 (Link to this contribution) It is important that we have that clarification on the record. Given that the legislation is not a c...
James Brokenshire | 444 c989 (Link to this contribution) I see that the Minister wishes to intervene, so I hope that we will get clarification straight away....
Gerry Sutcliffe | 444 c989 (Link to this contribution) I intervene on the basis that I might not get the opportunity to give answers in full, given the tim...
James Brokenshire | 444 c989 (Link to this contribution) My hon. Friend makes the point to which I was trying to allude. I hope that the Minister will give u...
James Brokenshire | 444 c988 (Link to this contribution) : It is a pleasure to be locking horns with the Minister again on the Bill. I made my maiden speech ...
Peter Bone | 444 c989 (Link to this contribution) I am beginning to become very concerned as I listen to my hon. Friend. If the measure applies only t...
Mike Weir | 444 c987-8 (Link to this contribution) I understand the hon. Gentleman’s point. I am sure that examples could be given, but I would not wan...
Peter Bone | 444 c987 (Link to this contribution) I understand the hon. Gentleman’s point. Does he agree that we have not been given a single practica...
Mike Weir | 444 c987 (Link to this contribution) I shall be brief. I simply want to make a couple of points. Obviously, we welcome the amendments, wh...
Gerry Sutcliffe | 444 c974 (Link to this contribution) The amendment restricts the powers to affirmative resolution, because the Delegated Powers and Regul...
Ed Davey | 444 c974 (Link to this contribution) Can the Minister confirm that, if the Legislative and Regulatory Reform Bill is passed, the powers t...
Gerry Sutcliffe | 444 c973-4 (Link to this contribution) I acknowledge the work done by citizens advice bureaux and other advice agencies. The hon. Gentleman...
Philip Hollobone | 444 c973 (Link to this contribution) It is right for us to spend some time on that important issue, but I commend to the Minister the wor...
Gerry Sutcliffe | 444 c973 (Link to this contribution) I am happy to give way, but I want to make some progress, because most of the amendments are technic...
Gerry Sutcliffe | 444 c972-3 (Link to this contribution) That will depend on how we implement the provisions following discussions with the industry. We have...
James Brokenshire | 444 c972 (Link to this contribution) I welcome the introduction of the concept of irresponsible lending, which was debated in detail in C...
Ed Davey | 444 c974 (Link to this contribution) It is not that we disagree with the amendment. I think that the Government were right in anothe...
Mark Prisk | 444 c976 (Link to this contribution) The hon. Gentleman is right to suggest that if we become too prescriptive, the danger is that we wil...
Mike Weir | 444 c976 (Link to this contribution) What does the hon. Gentleman regard as irresponsible lending? I am slightly concerned that some Cons...
Mark Prisk | 444 c976-7 (Link to this contribution) I would be very unwise were I to try to widen the tenor of this debate, Mr. Deputy Speaker, because ...
Gerry Sutcliffe | 444 c976 (Link to this contribution) I do not want to interrupt the flow of the hon. Gentleman’s argument—I appreciate that it might take...
Mark Prisk | 444 c975 (Link to this contribution) Indeed, and I am sure that he will do so throughout this debate.
Mark Prisk | 444 c976 (Link to this contribution) I am grateful to my hon. Friend for that intervention and he is right: one key issue with all such l...
Peter Bone | 444 c975 (Link to this contribution) What worries me is that no practical examples have been given of what the wording means, which is no...
Mark Prisk | 444 c975 (Link to this contribution) I begin by thanking the Minister for his opening remarks and for organising the recent joint meeting...
Gerry Sutcliffe | 444 c974 (Link to this contribution) I am sorry to have misunderstood the hon. Gentleman’s point. He is right: the Legislative and Regula...
Lord Vaizey of Didcot | 444 c979 (Link to this contribution) My hon. Friend echoes the point that I made in Committee, which was that the absence of a definition...
Mark Prisk | 444 c978-9 (Link to this contribution) I did not participate in the Committee debates, so I am grateful to my hon. Friend the Member for Wa...
Lord Vaizey of Didcot | 444 c978 (Link to this contribution) My hon. Friend joins a long line of hon. Members who have tried to tease a definition of unfairness ...
Mark Prisk | 444 c979-80 (Link to this contribution) I am grateful to the hon. Member for Ealing, Comedy—I am sorry, Ealing, North for reminding us. On ...
Mark Prisk | 444 c979 (Link to this contribution) I am grateful to my hon. Friend. I was about to say that sometimes great minds think alike, but I am...
Gerry Sutcliffe | 444 c978 (Link to this contribution) I am grateful to the hon. Gentleman for pointing out that it was the Opposition who proposed a simil...
Mark Prisk | 444 c978 (Link to this contribution) I am not condemning the amendment. I want to ensure that it is implemented effectively. I have every...
Ed Davey | 444 c978 (Link to this contribution) The hon. Gentleman may be doing a disservice to the Opposition Front Bench in the other place. Did n...
Mark Prisk | 444 c982 (Link to this contribution) My hon. Friend’s trilogy of concern sadly reminds me of so many Bills that the Government generate. ...
Peter Bone | 444 c981-2 (Link to this contribution) Are not we being asked to pass into law something that is not transparent, on which guidance will be...
Mark Prisk | 444 c982-3 (Link to this contribution) I have always believed that, in a debate, one should listen to the argument first. I stick to that p...
Gerry Sutcliffe | 444 c982 (Link to this contribution) I can fully understand why the hon. Gentleman—he was not with us in Committee—is going over some of ...
Speaker | 444 c983 (Link to this contribution) Order. The House has probably heard enough recapitulations of what was said in Committee. Such infor...
Lord Vaizey of Didcot | 444 c983 (Link to this contribution) The Minister in saying that there would be no subcontracting also said that no police checks would t...
Mark Prisk | 444 c980 (Link to this contribution) I am just about to move on to amendment No. 3, but as there is a little time left, I will give way.
Ed Davey | 444 c980 (Link to this contribution) Will the hon. Gentleman give way?
Mark Prisk | 444 c980-1 (Link to this contribution) The hon. Gentleman is right. Data sharing is crucial. His predecessor as Liberal Democrat spokesman ...
Ed Davey | 444 c980 (Link to this contribution) The hon. Gentleman is so generous. Is not data sharing the key to greater transparency, as it would...
Ed Davey | 444 c972 (Link to this contribution) The Minister’s answer on how irresponsible practices would be defined seems to contradict what he sa...
Gerry Sutcliffe | 444 c972 (Link to this contribution) I have made great strides in ensuring that I do not determine the qualifications from the Dispatch B...
Gerry Sutcliffe | 444 c971 (Link to this contribution) The hon. Gentleman raises a fair question and if he lets me progress in my speech, I hope that I can...
Peter Bone | 444 c971-2 (Link to this contribution) The clause refers to ““deceitful”” practices. Would a practical example be the sending out of statem...
Michael Fallon | 444 c971 (Link to this contribution) The phrase ““irresponsible lending”” is included but not defined in the Bill. Is it to be left to th...
Gerry Sutcliffe | 444 c970 (Link to this contribution) I beg to move, That this House agrees with the Lords in the said amendment.
Speaker | 444 c970 (Link to this contribution) With this we may discuss Lords amendments Nos. 2 to 5.
Gerry Sutcliffe | 444 c971 (Link to this contribution) I am satisfied that the amendments, which were discussed in the Lords at great length, along with th...
Gerry Sutcliffe | 444 c970-1 (Link to this contribution) On Lords amendment No. 1, we believed that it was necessary to modify the wording of the proposed ne...
Ian Liddell-Grainger | 444 c971 (Link to this contribution) As the Minister is well aware, one of the big problems, is the policing of all these provisions. Wha...
Gerry Sutcliffe | 444 c971 (Link to this contribution) As I move on, I hope that I will be allowed the opportunity to talk about the implementation plan, w...
Mark Prisk | 444 c971 (Link to this contribution) Further to the excellent question from my hon. Friend the Member for Bridgwater (Mr. Liddell-Grainge...
Peter Bone | 444 c991 (Link to this contribution) Does my hon. Friend agree that the Government appear to be against irresponsible lending, but they d...
Mark Prisk | 444 c983-4 (Link to this contribution) I am sure that you are right, Mr. Deputy Speaker. It is important that we study these matters thorou...
Steve McCabe | 444 c994 (Link to this contribution) I do not doubt that international situations are difficult, as the hon. Gentleman says, but surely t...
Peter Bone | 444 c985 (Link to this contribution) : Is the hon. Gentleman concerned that a licence may be granted and then, later on, unfair practices...
Gerry Sutcliffe | 444 c972 (Link to this contribution) The hon. Gentleman is right in the context of why I did not go into the definition of unfair lending...
Gerry Sutcliffe | 444 c986 (Link to this contribution) We are running the risk of confusing the unfairness test and irresponsible lending. We want to be ve...
Mark Prisk | 444 c978 (Link to this contribution) The Minister is protective of my larynx, and I am grateful, but I want to ensure that the House as a...

Subjects

Consumers
Disadvantaged
Credit agreements
Credit
Credit unions
Licensing
Loans
Office of Fair Trading
Money lenders
Regulation

Legislation

Consumer Credit Bill 2005-06

Link

View this Parliamentary proceeding on www.publications.parliament.uk
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