MPs debate Payday Loans, 20 January c.7pm

UKParliament

Our goal is to post up information on work undertaken in the House of Commons that has a consumer focus but which may not be highlighted elsewhere.

We have posted this on the Loans board because we thought some of you might be interested in the topic of debate. We encourage discussion and comments concerning the topic or content of this thread.


Payday Loans – Backbench Business Debate
Due to take place Monday 20th January at c.7pm* in the House of Commons Chamber


The motion for debate is:

That this House has considered payday loan companies.

(Relevant documents:
Seventh Report from the Business, Innovation and Skills Committee, on Payday Loans, HC 789)


Representation for the Debate on Payday Loans:

Adrian Bailey, Paul Blomfield and Brian Binley made representations for this debate. A segment of their representation is included below:

Adrian Bailey MP: "The reason for the timing is that the Financial Conduct Authority is due to take over the regulatory regime of this particular matter in April this year. It has carried out a consultation, which has now concluded, but will draw up its recommendations before April. We particularly wished for the Select Committee report and the work that was done on it to be highlighted prior to the FCA constructing its regulatory regime."

To read the representation in full go to: Transcript of Representations: 14th January 2014 (Scroll half way down)


About Backbench Business Debates:

The House of Commons Backbench Business Committee has a limited allocation of time outside Government control in which it can schedule subjects for debate suggested by backbench Members of Parliament.

The Committee can consider any subject for debate. This includes subjects raised in national or local campaigns, reports by select committees and other groups and issues suggested by constituents, including by people who have signed an e-petition or a traditional paper petition (there is no restriction on the number of signatures required).

To find out more about the work of the Backbench Business Committee visit their web pages at Backbench Business Committee


How to watch:

The Questions can be viewed on Parliament TV (Silverlight or Windows Media Player required to stream TV): Player

Transcripts of proceedings in the House of Commons Chamber are available three hours after they happen in Todays Commons Debates


* It may begin later if any Urgent Questions or Statements are granted on the day, as Parliamentary business is subject to change.


We hope this is of interest? We will post up further links when they become available
Thanks
DOT