Parliament fails to vote on payday loan private members bill
12 July 2013
Citizens Advice has said it is disappointed Parliament did not reach a vote on the high-cost credit Private Members Bill which seeks to clamp down on the advertising of payday loans.
Citizens Advice Chief Executive Gillian Guy said:
“I am disappointed that Parliament did not reach a vote today on the high-cost credit Private Members Bill. This is a missed opportunity to act now on predatory payday lenders who advertise quick fix loans that, in reality, turn into damaging debts.
“Just last month someone reported to Citizens Advice that they contemplated suicide after their debt ballooned and they were contacted 20 times a day by the lender. I hope this bill returns to Parliament quickly and that decisive action is taken.”
Notes to editors
The Citizens Advice service comprises a network of local bureaux, all of which are independent charities, the Citizens Advice consumer service and national charity Citizens Advice. Together we help people resolve their money, legal and other problems by providing information and advice and by influencing policymakers. For more see the Citizens Advice website.
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You can get consumer advice from the Citizens Advice consumer service on 08454 04 05 06 or 08454 04 05 05 for Welsh language speakers
Citizens Advice Bureaux in England and Wales advised 2.1 million clients on 6.6 million problems from April 2012 to March 2013. For full 2012/2013 service statistics see our quarterly publication Advice trends
Citizens Advice service staff are supported by more than 22,000 trained volunteers, working at over 3,000 service outlets across England and Wales.