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Oversight Committee

Part of Financial Services Bill (Money) (No. 2) – in the House of Commons at 8:15 pm on 10th December 2012.

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Photo of Yvonne Fovargue Yvonne Fovargue Opposition Whip (Commons) 8:15 pm, 10th December 2012

Continuous payment authorities also militate against affordability checks. As was established by the OFT’s last review, once companies know that they can dip into someone’s bank ad infinitum, they simply do not bother to carry out the checks .