New Clause 4 — Power to make further provision about regulation of consumer credit
Financial Services Bill (Programme) (No. 3)
7:30 pm
Christopher Leslie (Nottingham East, Labour)
I welcome the Minister’s comments. Setting aside whether he thinks the new clause should be added to the Bill, he seems to be saying that he agrees
it would be a good idea in principle to encourage all banks and other lenders to engage in some sort of forewarning of customers. Does he agree that if he says that is a good idea and the Opposition think it is a good idea, that sends a signal to the new regulator to make that a priority?