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:
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