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New Product Rules Required To Limit The Damage Caused By Unaffordable Payday Loans

EDM number 279 in 2013-14, proposed by Ann McKechin on 19/06/2013.
Categorised under the topics of Financial services and Loans.

That this House recognises the 12-week deadline for payday lenders submitting evidence to the Office of Fair Trading (OFT) addressing failings outlined in the compliance review of the sector has now passed; is concerned by the OFT?s finding that there is currently widespread irresponsible lending and lenders are failing to comply with the standards expected of them; notes the growing number of complaints to debt advice agencies and the Financial Ombudsman about problems with payday lenders; further notes that 36,413 people contacted StepChange Debt Charity for help with payday loan debt problems in 2012, twice as many as did in 2011; further notes that in the same period the average payday loan balance of a StepChange Debt Charity client rose from

This motion has been signed by a total of 50 MPs.

MPDateConstituencyPartyType
Ann McKechin19/06/2013Glasgow NorthLabourProposed
Mark Durkan19/06/2013FoyleSocial Democratic and Labour PartySeconded
Andrew George19/06/2013St IvesLiberal DemocratSeconded
Mike Hancock19/06/2013Portsmouth SouthLiberal DemocratSeconded
Alan Meale20/06/2013MansfieldLabourSeconded
Jim Dobbin20/06/2013Heywood and MiddletonLabourSeconded
Dennis Skinner20/06/2013BolsoverLabourSigned
Kelvin Hopkins20/06/2013Luton NorthLabourSigned
John McDonnell20/06/2013Hayes and HarlingtonLabourSigned
Jeremy Corbyn20/06/2013Islington NorthLabourSigned
Katy Clark20/06/2013North Ayrshire and ArranLabourSigned
David Simpson24/06/2013Upper BannDUPSigned
George Galloway24/06/2013Bradford WestRespectSigned
Jim Shannon24/06/2013StrangfordDUPSigned
Margaret Ritchie24/06/2013South DownSocial Democratic and Labour PartySigned
George Howarth25/06/2013KnowsleyLabourSigned
John Leech25/06/2013Manchester, WithingtonLiberal DemocratSigned
Jim McGovern25/06/2013Dundee WestLabourSigned
Naomi Long26/06/2013Belfast EastAllianceSigned
Ronnie Campbell26/06/2013Blyth ValleyLabourSigned
Martin Caton26/06/2013GowerLabourSigned
Graham Stringer26/06/2013Blackley and BroughtonLabourSigned
Michael Weir26/06/2013AngusScottish National PartySigned
Virendra Sharma26/06/2013Ealing, SouthallLabourSigned
Steve Rotheram26/06/2013Liverpool, WaltonLabourSigned
Jim Cunningham27/06/2013Coventry SouthLabourSigned
Ian Lavery27/06/2013WansbeckLabourSigned
Frank Doran27/06/2013Aberdeen NorthLabourSigned
Hywel Williams01/07/2013ArfonPlaid CymruSigned
John Hemming01/07/2013Birmingham, YardleyLiberal DemocratSigned
Lindsay Roy01/07/2013GlenrothesLabourSigned
Chris Ruane02/07/2013Vale of ClwydLabourSigned
Mark Lazarowicz02/07/2013Edinburgh North and LeithLabourSigned
Michael Crockart02/07/2013Edinburgh WestLiberal DemocratSigned
Peter Bottomley03/07/2013Worthing WestConservativeSigned
Sammy Wilson03/07/2013East AntrimDUPSigned
Mary Glindon04/07/2013North TynesideLabourSigned
Roger Godsiff08/07/2013Birmingham, Hall GreenLabourSigned
Hazel Blears10/07/2013Salford and EcclesLabourSigned
Joan Walley10/07/2013Stoke-on-Trent NorthLabourSigned
David Blunkett10/07/2013Sheffield, Brightside and HillsboroughLabourSigned
Paul Blomfield12/07/2013Sheffield CentralLabourSigned
Joan Ruddock15/07/2013Lewisham, DeptfordLabourSigned
David Crausby18/07/2013Bolton North EastLabourSigned
Caroline Lucas02/09/2013Brighton, PavilionGreenSigned
Anne Begg02/09/2013Aberdeen SouthLabourSigned
Alasdair McDonnell11/09/2013Belfast SouthSocial Democratic and Labour PartySigned
Linda Riordan08/10/2013HalifaxLabourSigned
Lady Hermon16/10/2013North DownIndependentSigned
Ian Davidson02/12/2013Glasgow South WestLabourSigned

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