PAY DAY LOAN SCHEMES

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

Motion text

That this House is deeply concerned about a number of products and certain sales activities connected with the financial services industries, in particular payday loans schemes which are known to regularly charge unacceptably high rates of interest to their largely vulnerable customers whom they attract simply because other borrowing routes are not readily available to them; and calls on the Government to introduce as a matter of urgency, legislation designed to outlaw such conduct by loan sharks who prey on low income people and families whilst fleecing them of money they can ill afford to lose.

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.

EDM (Early Day Motion) 2821: tabled on 05 March 2012

Motion text

Signatures (33)