Backbench Business — High-cost Credit

Part of the debate – in the House of Commons at 12:32 pm on 5th September 2013.

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Photo of Guy Opperman Guy Opperman Conservative, Hexham 12:32 pm, 5th September 2013

I wholeheartedly congratulate the hon. Gentleman on securing this important debate. Does he agree that just as we wish to expand and enhance credit unions we should also consider local community banks? They are trusted providers backed by the local community, and profits go back to the community after a limited time. They have strong local representation and an ability to lend at a better rate than even credit unions.