REGULATION OF STORE CARDS AND CREDIT CARDS

Early day motion 781, tabled 2 February 2010 by Sally Keeble (Labour). Signed by 59 members.

That this House welcomes the recent consultation by the Department for Business, Innovation and Skills on the regulation of store cards and credit cards; notes its proposals for measures to prevent unsolicited credit limit increases, debt re-pricing and increases of minimum payments; and, given the pressure on consumers during difficult financial times to opt for easy credit, calls on the Government urgently to bring forward recommendations to protect consumers from exploitation.

Signatures by party: Labour 37, Liberal Democrat 14, DUP 3, Independent 2, Conservative 1, Scottish National Party 1, Social Democratic and Labour Party 1.