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Consumer Credit

EDM number 850 in 2010-12, proposed by Katy Clark on 18/10/2010.
Categorised under the topics of Competition and Loans.

That this House expresses concern at the amount of literature sent by post by consumer credit companies advertising loans and credit cards; notes that often such literature suggests that recipients have been pre-approved for a product despite providing no information as to the pre-selection criteria used; expresses further concern that often such literature states that companies are regulated by the Financial Services Authority (FSA)despite the FSA having no regulatory role in the unsecured credit market; believes that this could potentially give recipients a false sense of security regarding the product advertised; notes that such literature is likely to disproportionately impact upon people in vulnerable financial positions; and calls on the Government to strengthen the regulation of the unsecured credit industry to ensure that any literature produced by consumer credit companies is both detailed and accurate.

This motion has been signed by a total of 39 MPs, 1 of these signatures have been withdrawn.

Katy Clark18/10/2010North Ayrshire and ArranLabourProposed
Mark Durkan18/10/2010FoyleSocial Democratic and Labour PartySeconded
Andrew George18/10/2010St IvesLiberal DemocratSeconded
Mike Hancock19/10/2010Portsmouth SouthLiberal DemocratSeconded
Gregory Campbell19/10/2010East LondonderryDUPSeconded
Alun Michael19/10/2010Cardiff South and PenarthLabourSeconded
Stephen Williams19/10/2010Bristol WestLiberal DemocratSigned
Jeremy Corbyn19/10/2010Islington NorthLabourSigned
Martin Caton19/10/2010GowerLabourSigned
Alan Meale19/10/2010MansfieldLabourSigned
Jim Shannon19/10/2010StrangfordDUPSigned
Margaret Ritchie20/10/2010South DownSocial Democratic and Labour PartySigned
Elfyn Llwyd20/10/2010Dwyfor MeirionnyddPlaid CymruSigned
Naomi Long20/10/2010Belfast EastAllianceSigned
William McCrea20/10/2010South AntrimDUPSigned
Ronnie Campbell20/10/2010Blyth ValleyLabourSigned
Peter Bottomley20/10/2010Worthing WestConservativeSigned
John Leech21/10/2010Manchester, WithingtonLiberal DemocratSigned
Jim Dobbin21/10/2010Heywood and MiddletonLabourSigned
Austin Mitchell21/10/2010Great GrimsbyLabourSigned
Annette Brooke21/10/2010Mid Dorset and North PooleLiberal DemocratSigned
John Pugh22/10/2010SouthportLiberal DemocratSigned
Kelvin Hopkins22/10/2010Luton NorthLabourSigned
David Crausby22/10/2010Bolton North EastLabourSigned
John McDonnell25/10/2010Hayes and HarlingtonLabourSigned
Michael Connarty25/10/2010Linlithgow and East FalkirkLabourSigned
Ian Davidson25/10/2010Glasgow South WestLabourSigned
Mary Glindon27/10/2010North TynesideLabourSigned
Eric Illsley28/10/2010Barnsley CentralLabourWithdrawn
Virendra Sharma01/11/2010Ealing, SouthallLabourSigned
Jonathan Edwards01/11/2010Carmarthen East and DinefwrPlaid CymruSigned
Alasdair McDonnell10/11/2010Belfast SouthSocial Democratic and Labour PartySigned
Lindsay Roy16/11/2010GlenrothesLabourSigned
Mark Williams17/11/2010CeredigionLiberal DemocratSigned
Hazel Blears18/11/2010Salford and EcclesLabourSigned
Linda Riordan24/11/2010HalifaxLabourSigned
Rosie Cooper02/12/2010West LancashireLabourSigned
George Mudie15/12/2010Leeds EastLabourSigned
Graeme Morrice22/03/2011LivingstonLabourSigned

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