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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.

Margaret Ritchie08/02/2017South DownSocial Democratic and Labour PartyProposed
Alison Thewliss09/02/2017Glasgow CentralScottish National PartySeconded
Chris Stephens09/02/2017Glasgow South WestScottish National PartySeconded
Mark Durkan09/02/2017FoyleSocial Democratic and Labour PartySeconded
Martyn Day09/02/2017Linlithgow and East FalkirkScottish National PartySeconded
Jim Shannon09/02/2017StrangfordDUPSeconded
Gavin Robinson20/02/2017Belfast EastDUPSigned
Lady Hermon21/02/2017North DownIndependentSigned
Alan Meale21/02/2017MansfieldLabourSigned
Martin Docherty21/02/2017West DunbartonshireScottish National PartySigned
Jim Cunningham21/02/2017Coventry SouthLabourSigned
John McNally21/02/2017FalkirkScottish National PartySigned
Kelvin Hopkins21/02/2017Luton NorthLabourSigned
Natalie McGarry21/02/2017Glasgow EastScottish National PartySigned
Alasdair McDonnell22/02/2017Belfast SouthSocial Democratic and Labour PartySigned
Gregory Campbell22/02/2017East LondonderryDUPSigned
David Crausby22/02/2017Bolton North EastLabourSigned
Chris Law22/02/2017Dundee WestScottish National PartySigned
Ronnie Campbell22/02/2017Blyth ValleyLabourSigned
Stephen Doughty22/02/2017Cardiff South and PenarthLabourSigned
Paul Monaghan22/02/2017Caithness, Sutherland and Easter RossScottish National PartySigned
George Kerevan22/02/2017East LothianScottish National PartySigned
Caroline Lucas22/02/2017Brighton, PavilionGreenSigned
Owen Thompson23/02/2017MidlothianScottish National PartySigned
Virendra Sharma23/02/2017Ealing, SouthallLabourSigned
Nigel Dodds23/02/2017Belfast NorthDUPSigned
Patrick Grady23/02/2017Glasgow NorthScottish National PartySigned
Gordon Marsden23/02/2017Blackpool SouthLabourSigned
Paul Flynn23/02/2017Newport WestLabourSigned
Mark Williams23/02/2017CeredigionLiberal DemocratSigned
Danny Kinahan02/03/2017South AntrimUUPSigned
Elliott, Tom02/03/2017Signed
Roger Godsiff07/03/2017Birmingham, Hall GreenLabourSigned
Rachael Maskell30/03/2017York CentralLabour/Co-operativeSigned

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