REGULATION OF STORE CARDS AND CREDIT CARDS

Motion Text

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.