Clause 59 - Financial services ombudsman scheme to apply to consumer credit licensees
Consumer Credit Bill
5:00 pm
Gerry Sutcliffe (Parliamentary Under-Secretary (Employment Relations and Consumer Affairs), Department of Trade and Industry; Bradford South, Labour)
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 amendment will ensure that customers or a business acting in authorisation under clause 32 have access to the financial ombudsman scheme. It ensures that provision for authorisations work properly without diminishing consumer protection and I hope that the Committee will support it.
Amendment agreed to.
Question proposed, That the clause, as amended, stand part of the Bill.