Financial Services (Banking Reform) Bill — Daily Information Exchange With Credit Reference Agencies by Those Offering High-Cost Short-Term Credit — 11 Dec 2013 at 16:30
The majority of MPs voted to require rules relating to high-cost short-term credit designed to protect borrowers against excessive charges to be made by 2 January 2015 rather than 1 October 2014.
MPs were considering the Financial Services (Banking Reform) Bill. The amendment rejected in this vote was:
- Amendment (b) proposed to Lords amendment 155.
Lords amendment 155 proposed a new clause titled “Duty of FCA to make rules restricting charges for high-cost short-term credit which did as the title suggests, and required that the rules are made not later than 2 January 2015 and apply (at least) to agreements entered into on or after that date.
Amendment (b) stated:
- leave out ‘2 January 2015’ and insert ‘1 October 2014’
-  Parliament's webpage on the Financial Services (Banking Reform) Bill
-  Lords amendments to the Financial Services (Banking Reform) Bill
-  Page of Lords amendments to the Financial Services (Banking Reform) Bill containing amendment 155
-  Amendment sheet containing Amendment (b) proposed to Lords amendment 155
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||258 (+1 tell)||0||0||84.9%|
|Lab||0||216 (+2 tell)||0||84.5%|
|LDem||39 (+1 tell)||0||0||71.4%|