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Lending (Regulation) Bill 2008-09

Type of Bill:
Private Members' Bill (Ballot Bill)
Sponsor:
Mr Russell Brown

Progress of the Bill

Bill started in the House of Commons

  1. House of Commons
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  2. House of Lords
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  3. Consideration of Amendments
  4. Royal Assent

Last event

Latest Bill

House Bill Date
Commons Bill as introduced | PDF version, 77KB 24.02.2009

Latest news on the Bill

The Bill was debated at Second Reading on 27 February.  There was not enough time to complete the debate before the end of the Session and so the debate was adjourned.

Debate on the Bill was scheduled to be resumed on 15 May but having made no progress was withdrawn by its sponsor Russell Brown MP.

Summary of the Bill

This Bill would prohibit credit card lenders from sending unsolicited offers of credit card cheques and require them to make clear customers' rights in potential cases of card payment default. It would also require the Secretary of State to specify 'a standard method of calculating interest rates' that card companies must use in their promotional literature.

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Related information

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