Parliament fails to vote on payday loan private members bill
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.
- The advice provided by the Citizens Advice service is free, independent, confidential, and impartial, and available to everyone regardless of race, gender, disability, sexual orientation, religion, age or nationality.
- To find your local bureau in England and Wales, visit citizensadvice.org.uk. You can also get advice online at adviceguide.org.uk
- You can get consumer advice from the Citizens Advice consumer service on 03454 04 05 06 or 03454 04 05 05 for Welsh language speakers
- Citizens Advice Bureaux in England and Wales advised 2.3 million clients on 5.4 million problems from October 2013 to September 2014. For full 2013/2014 service statistics see our quarterly publication Advice trends
- Citizens Advice service staff are supported by more than 21,000 trained volunteers, working at over 3,000 service outlets across England and Wales.