Orders of the Day — Consumer Credit Bill

Part of the debate – in the House of Commons at 12:28 pm on 9th June 2005.

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Photo of Gerry Sutcliffe Gerry Sutcliffe Parliamentary Under-Secretary (Trade and Industry) (Employment Relations and Consumer Affairs) 12:28 pm, 9th June 2005

The hon. Gentleman will know that last October, we introduced regulations concerning a single way of calculating APRs. The issue is causing confusion to the consumer, and this Bill is about responsible lending and ensuring that consumers know their rights, but it is also about responsible borrowing.