Consumer Rights Bill — Report (3rd Day) — 26 Nov 2014 at 20:17
Amendment 50A not moved.
Moved by Lord Stevenson of Balmacara
50B: After Clause 86, insert the following new Clause-
“Payday lenders levy
The Secretary of State shall produce an annual report on the level at which a levy on lenders in the high cost consumer credit market should be set and bring forward measures to ensure-
(a) provision of free debt advice for vulnerable consumers; and
(b) provision of affordable alternative credit through credit unions.”
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