New Clause 5

Part of Financial Services Bill – in a Public Bill Committee at 1:45 pm on 14 January 2010.

Alert me about debates like this

Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury) 1:45, 14 January 2010

Would the hon. Gentleman be content if someone at the credit card company said, “I think that this person, based on my assessment of their credit risk, should have a credit limit of, say £5,000.” Under the current regime the company might give that customer a credit limit of only £1,000 and see how the customer copes before increasing the limit in stages towards £5,000. Would the hon. Gentleman be happy to go straight to that £5,000 limit?