Capping Overdraft Charges For Current Accounts (EDM938)

Capping Overdraft Charges For Current Accounts

EDM number 938 in 2016-17, proposed by Margaret Ritchie on 08/02/2017.
Categorised under the topics of Financial institutions and Financial services.

That this House calls on the Government to introduce a cap on the total charges any bank can place on overdrawn personal current accounts; further calls on the Competition and Markets Authority to note the 2016 decision not to introduce a mandatory cap on overdraft charges; notes the high levels of interest that can arise as a result of daily charges accruing over time; and expresses deep concern over the disproportionate impact these charges have on low-paid households and on those relying on insecure sources of employment.

This motion has been signed by a total of 34 MPs.

MP	Date	Constituency	Party	Type
Margaret Ritchie	08/02/2017	South Down	Social Democratic and Labour Party	Proposed
Jim Shannon	09/02/2017	Strangford	DUP	Seconded
Martyn Day	09/02/2017	Linlithgow and East Falkirk	Scottish National Party	Seconded
Mark Durkan	09/02/2017	Foyle	Social Democratic and Labour Party	Seconded
Chris Stephens	09/02/2017	Glasgow South West	Scottish National Party	Seconded
Alison Thewliss	09/02/2017	Glasgow Central	Scottish National Party	Seconded
Gavin Robinson	20/02/2017	Belfast East	DUP	Signed
John McNally	21/02/2017	Falkirk	Scottish National Party	Signed
Lady Hermon	21/02/2017	North Down	Independent	Signed
Alan Meale	21/02/2017	Mansfield	Labour	Signed
Martin Docherty	21/02/2017	West Dunbartonshire	Scottish National Party	Signed
Jim Cunningham	21/02/2017	Coventry South	Labour	Signed
Kelvin Hopkins	21/02/2017	Luton North	Labour	Signed
Natalie McGarry	21/02/2017	Glasgow East	Scottish National Party	Signed
Stephen Doughty	22/02/2017	Cardiff South and Penarth	Labour	Signed
Alasdair McDonnell	22/02/2017	Belfast South	Social Democratic and Labour Party	Signed
Gregory Campbell	22/02/2017	East Londonderry	DUP	Signed
David Crausby	22/02/2017	Bolton North East	Labour	Signed
Chris Law	22/02/2017	Dundee West	Scottish National Party	Signed
Ronnie Campbell	22/02/2017	Blyth Valley	Labour	Signed
Paul Monaghan	22/02/2017	Caithness, Sutherland and Easter Ross	Scottish National Party	Signed
George Kerevan	22/02/2017	East Lothian	Scottish National Party	Signed
Caroline Lucas	22/02/2017	Brighton, Pavilion	Green	Signed
Mark Williams	23/02/2017	Ceredigion	Liberal Democrat	Signed
Paul Flynn	23/02/2017	Newport West	Labour	Signed
Gordon Marsden	23/02/2017	Blackpool South	Labour	Signed
Patrick Grady	23/02/2017	Glasgow North	Scottish National Party	Signed
Nigel Dodds	23/02/2017	Belfast North	DUP	Signed
Virendra Sharma	23/02/2017	Ealing, Southall	Labour	Signed
Owen Thompson	23/02/2017	Midlothian	Scottish National Party	Signed
Danny Kinahan	02/03/2017	South Antrim	UUP	Signed
Tom Elliott	02/03/2017	Fermanagh and South Tyrone	UUP	Signed
Roger Godsiff	07/03/2017	Birmingham, Hall Green	Labour	Signed
Rachael Maskell	30/03/2017	York Central	Labour/Co-operative	Signed

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