Consumer Credit Bill

Public Bill Committees

• Consumer Credit Bill, 1st sitting (8 speeches)
  [David Taylor in the Chair]
  • Clause 1 - Definition of “individual” (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 2 - Removal of financial limits etc. (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 3 - Exemption relating to high net worth debtors and hirers (23 speeches)
    I beg to move amendment No. 1, in page 2, line 8, leave out ‘the agreement includes’.
  • Clause 4 - Exemption relating to businesses (5 speeches)
    I beg to move amendment No. 7, in clause 4, page 3, line 13, leave out ‘an agreement includes’.
  • Clause 5 - Consequential amendments relating to ss. 1 to 4 (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 6 - Statements to be provided in relation to fixed-sum credit agreements (29 speeches)
    I beg to move amendment No. 33, in clause 6, page 4, line 35, at end insert— ‘(c)shall, where the term of the credit agreement is more than one month but not more than twelve months,...
  • Clause 7 - Further provision relating to statements (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 8 - OFT to prepare information sheets on arrears and default (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 9 - Notice of sums in arrears under fixed-sum credit agreements etc. (12 speeches)
    I beg to move amendment No. 31, in clause 9, page 8, line 16, leave out ‘four’ and insert ‘eight’. The clause relates to the notice of sums in arrears under fixed-sum...
• Consumer Credit Bill, 2nd sitting (0 speeches)
  [Derek Conway in the Chair]
  • Clause 9 - Notice of sums in arrears under fixed-sum credit agreements etc. (18 speeches)
    Amendment proposed [this day]: No. 31, in clause 9, page 8, line 16, leave out 'four' and insert 'eight'.—[Charles Hendry.] Question again proposed, That the amendment be made.
  • Clause 11 - Failure to give notice of sums in arrears (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 12 - Notice of default sums (13 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 13 - Interest on default sums (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 14 - Default notices (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 16 - Time orders (10 speeches)
    Question proposed, That the clause stand part of the Bill.  
  • Clause 19 - Unfair relationships between (40 speeches)
    I beg to move amendment No. 12, in clause 19, page 14, line 8, at end insert—   '(1A) A relationship between the creditor and the debtor shall be regarded as unfair if, contrary to the...
  • Clause 20 - Powers of court in relation to unfair relationships (3 speeches)
    I beg to move amendment No. 19, in clause 20, page 15, line 26, leave out subsection (8). This is a technical amendment. Subsection (8) is unnecessary in light of the clauses 2 and 5, which...
• Consumer Credit Bill, 3rd sitting (2 speeches)
  [Derek Conway in the Chair]
  • Clause 23 - Definitions of “consumer credit business” and “consumer hire business” (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 24 - Debt administration etc. (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 25 - Credit information services (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 27 - Charge on applicants for licences etc. (20 speeches)
    I beg to move amendment No. 25, in clause 27, page 21, line 22, at end insert— ‘()In section 189 of that Act (definitions) after subsection (1) insert— “(1A)In sections...
  • Clause 28 - Applications for standard licences (19 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 29 - Issue of standard licences (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 30 - Guidance on fitness test (24 speeches)
    I beg to move amendment No. 38, in clause 30, page 24, line 7, at end insert— ‘and that guidance shall include a duty on licence holders to lend responsibly.’. As in any Bill,...
  • Clause 32 - Winding-up of standard licensee’s business (2 speeches)
    Amendment made: No. 26, in clause 32, page 26, line 17, at end insert— ‘()Without prejudice to the generality of paragraph (c) of subsection (3), a requirement specified under that...
  • Clause 34 - Definite and indefinite licences (3 speeches)
    I beg to move amendment No. 20, in clause 34, page 28, line 40, after ‘fit’, insert (subject to subsection (1E))’.
  • Clause 35 - Charges for indefinite licences (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 38 - Power of OFT to impose requirements on licensees (6 speeches)
    I beg to move amendment No. 16, in clause 38, page 31, line 32, leave out subsection (1) and insert— ‘(1)This section applies where the OFT has reasonable grounds for believing that a...
  • Clause 39 - Power of OFT to impose requirements on supervisory bodies (1 speech)
    Question put, That the clause stand part of the Bill.
  • Clause 40 - Supplementary provision relating to requirements (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 41 - Procedure in relation to requirements (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 42 - Guidance on requirements (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 43 - Consequential amendments relating to requirements (1 speech)
    I beg to move amendment No. 23, in clause 43, page 34, line 39, leave out from beginning to ‘(particulars’ in line 5 on page 35 and insert ‘( )In section 35(1) of the 1974...
  • Clause 44 - Provision of information etc. by applicants (3 speeches)
    Question put, That the clause stand part of the Bill.
  • Clause 46 - Power of OFT to require information generally (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 47 - Power of OFT to require access to premises (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 48 - Entry to premises under warrant (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 50 - Officers of enforcement authorities other than OFT (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 51 - Consequential amendments relating to information (1 speech)
    Question proposed, That the clause stand part of the Bill.
• Consumer Credit Bill, 4th sitting (0 speeches)
  [David Taylor in the Chair]
  • Clause 52 - Power of OFT to impose civil penalties (15 speeches)
    I beg to move amendment No. 36, in clause 52, page 44, line 8, leave out from first 'is' to 'it' in line 10 and insert—'either— (a) satisfied that a person (the ''defaulter'') has...
  • Clause 53 - Further provision relating to civil penalties (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 54 - Statement of policy in relation to civil penalties (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 55 - The Consumer Credit Appeals Tribunal (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 1 - Schedule A1 to the 1974 Act (4 speeches)
    I beg to move amendment No. 28, in schedule 1, page 57, line 33, after 'limits', insert '(including the period specified for the purposes of section 41(1) of this Act)'. The amendment ensures...
  • Clause 56 - Appeals to the Consumer Credit Appeals Tribunal (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 57 - Appeals from the Consumer Credit Appeals Tribunal (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 59 - Financial services ombudsman scheme to apply to consumer credit licensees (8 speeches)
    I beg to move amendment No. 27, in clause 59, page 48, line 25, after 'licence', insert 'or was authorised to carry on an activity by virtue of section 34A of the Consumer Credit Act 1974'. The...
  • Schedule 2 - Part 3A of Schedule 17 to the 2000 Act (6 speeches)
    I beg to move amendment No. 29, in schedule 2, page 60, line 41, at end insert— '( ) Consumer credit rules under sub-paragraph (3) may authorise the scheme operator to dispense with or...
  • Clause 60 - Funding of ombudsman scheme (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 61 - Consequential amendments relating to ombudsman scheme (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 62 - Monitoring of businesses by OFT (1 speech)
    Question proposed, That the clause stand part of the Bill.  
  • Schedule 3 - Transitional Provision and Savings (2 speeches)
    I beg to move amendment No. 24, in schedule 3, page 64, line 7, leave out 'payable' and insert 'that are required to be paid'. This is a technical amendment designed to make the wording of the...
  • Schedule 4 - Repeals (1 speech)
    Amendment made: No. 30, in schedule 4, page 69, line 38, at end insert— '(aa) the definition of ''costs'';'.—[Mr. Sutcliffe.] Question proposed, That this schedule, as amended, be...
  • Clause 71 - Short title, commencement and extent (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • New clause 1 - OFT'S GENERAL DUTIES (3 speeches)
    'After section 1 of the 1974 Act insert— ''1A OFT's General Duties (1) In discharging its functions under this Act to regulate the conduct of licensees, the OFT must, so far as is...
  • New clause 2 - OFT GUIDANCE (3 speeches)
    'After section 183 of the 1974 Act insert— ''183A OFT Guidance (1) No guidance is to be published under the 1974 Act without the approval of the Secretary of State. (2) In preparing or...
  • New clause 3 - CREDIT TOKENS (9 speeches)
    '(1) It shall be an offence to give a person an application form for a credit-token unless he has specifically requested it. (2) To comply with subsection (1), a request must be made by the...
  • New clause 4 - CHANGES IN CREDIT LIMITS (14 speeches)
    '(1) It shall be the responsibility of a lender to ensure that any increase in a credit limit made on an unsolicited basis to a debtor is reasonable and affordable, before agreeing any such...