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INTEREST RATES CHARGED BY DOORSTEP LENDERS

EDM (Early Day Motion) 1068A1: tabled on 21 November 2005

Tabled in the 2005-06 session.

This motion has been signed by 49 Members. It is an amendment to an existing motion.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

This is an amendment to an existing motion

This motion was originally tabled by Mr Andrew Dismore on 17 November 2005. This is amendment number 1.

View details of the original motion

Suggested amendment

after `banking', insert `; and calls on the Government to do more to promote the virtues of community credit unions as an excellent means of extending financial inclusion and discouraging people on low incomes from using doorstep lenders.'.

Original motion text

That this House is appalled by the extortionate interest rates that doorstep lenders charge low-income households; welcomes the Pathway to Financial Inclusion campaign launched by the National Housing Federation and Debt on Our Doorstep; calls on honourable Members to support its three step approach; urges the Government to reduce the average annual percentage interest rate of 177 per cent. charged by doorstep lenders by placing a ceiling on interest rates; recommends that the Government provide a pathway into financial inclusion by requiring doorstep lenders to register borrowers' repayment records with credit reference agencies, thus allowing them to build up a credit history; and recommends that the Government investigate legislation which will introduce the right to a basic bank account for every UK citizen, giving the one in 12 households without access to a bank account, 60 per cent. of them social housing tenants, access to mainstream banking.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Anderson, Janet
Labour
Signed on 24 November 2005
Rossendale and Darwen
Battle, John
Labour
Signed on 24 November 2005
Leeds West
Bayley, Hugh
Labour
Signed on 14 March 2006
City of York
Berry, Dr Roger
Labour
Signed on 12 June 2006
Kingswood
Breed, Mr Colin
Liberal Democrat
Signed on 30 January 2006
South East Cornwall
Burden, Richard
Labour
Signed on 23 November 2005
Birmingham, Northfield
Campbell, Mr Ronnie
Labour
Signed on 23 November 2005
Blyth Valley
Connarty, Michael
Labour
Signed on 28 November 2005
Linlithgow and East Falkirk
Crausby, Mr David
Labour
Signed on 17 January 2006
Bolton North East
Cunningham, Mr Jim
Labour
Signed on 8 December 2005
Coventry South
Dean, Mrs Janet
Labour
Signed on 2 December 2005
Burton
Etherington, Bill
Labour
Signed on 2 December 2005
Sunderland North
Goodman, Helen
Labour
Signed on 9 February 2006
Bishop Auckland
Hamilton, Fabian
Labour
Signed on 7 December 2005
Leeds North East
Hemming, John
Liberal Democrat
Signed on 1 December 2005
Birmingham, Yardley
Hodgson, Mrs Sharon
Labour
Signed on 26 January 2006
Gateshead East and Washington West
Hopkins, Kelvin
Labour
Signed on 23 November 2005
Luton North
Horwood, Mr Martin
Liberal Democrat
Signed on 13 December 2005
Cheltenham
James, Mrs Siân C.
Labour
Signed on 13 December 2005
Swansea East
Jenkins, Mr Brian
Labour
Signed on 28 November 2005
Tamworth
Jones, Lynne
Labour
Signed on 16 February 2006
Birmingham, Selly Oak
Keen, Alan
Labour
Signed on 13 December 2005
Feltham and Heston
Kemp, Mr Fraser
Labour
Signed on 24 November 2005
Houghton and Washington East
Laws, Mr David
Liberal Democrat
Signed on 9 October 2006
Yeovil
Lazarowicz, Mark
Labour
Signed on 24 November 2005
Edinburgh North and Leith
Leech, Mr John
Liberal Democrat
Signed on 29 November 2005
Manchester, Withington
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 1 December 2005
Meirionnydd Nant Conwy
MacNeil, Mr Angus
Scottish National Party
Signed on 24 November 2005
Na h-Eileanan an Iar
Mallaber, Judy
Labour
Signed on 28 June 2006
Amber Valley
Miller, Andrew
Labour
Signed on 13 December 2005
Ellesmere Port and Neston
Milton, Anne
Conservative
Signed on 14 February 2006
Guildford
Moffatt, Laura
Labour
Signed on 23 November 2005
Crawley
Naysmith, Dr Doug
Labour
Signed on 26 April 2006
Bristol North West
O'Hara, Mr Edward
Labour
Signed on 23 November 2005
Knowsley South
Price, Adam
Plaid Cymru
Signed on 28 November 2005
Carmarthen East and Dinefwr
Riordan, Mrs Linda
Labour
Signed on 20 April 2006
Halifax
Simpson, Alan
Labour
Signed on 30 November 2005
Nottingham South
Skinner, Mr Dennis
Labour
Signed on 24 November 2005
Bolsover
Soulsby, Sir Peter
Labour
Signed on 9 January 2006
Leicester South
Stunell, Andrew
Liberal Democrat
Signed on 5 December 2005
Hazel Grove
Vis, Dr Rudi
Labour
Signed on 23 November 2005
Finchley and Golders Green
Weir, Mr Mike
Scottish National Party
Signed on 23 November 2005
Angus
Williams, Mrs Betty
Labour
Signed on 28 November 2005
Conwy

There are no withdrawn signatures for this amendment.