Regulation Of Store Cards And Credit Cards

EDM number 781 in 2009-10, proposed by Sally Keeble on 02/02/2010.
Categorised under the topic of Financial services.

That this House welcomes the recent consultation by the Department for Business, Innovation and Skills on the regulation of store cards and credit cards; notes its proposals for measures to prevent unsolicited credit limit increases, debt re-pricing and increases of minimum payments; and, given the pressure on consumers during difficult financial times to opt for easy credit, calls on the Government urgently to bring forward recommendations to protect consumers from exploitation.

This motion has been signed by a total of 59 MPs.