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Oversight Committee

Part of Financial Services Bill (Money) (No. 2) – in the House of Commons at 7:30 pm on 10th December 2012.

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Photo of Greg Clark Greg Clark The Financial Secretary to the Treasury 7:30 pm, 10th December 2012

I am grateful to the hon. Lady for her point, which makes the point I was making to Mr Thomas. To use the term “payday lenders” exclusively is to miss a broader range of potential practices that may cause detriment to consumers, and that is why this approach is about the powers vested in the regulator.