House of Commons - Debt Management - Business, Innovation and Skills Committee

Business, Innovation and Skills Committee - Fourteenth Report
Debt Management

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 21 February 2012.

Contents

Terms of Reference

1 Introduction

What is a pay day loan?

Debt advice

2 Regulation of the Market and Government Policy

Consumer Credit Regulation

Government Policy and Consultations

The regulator: Office of Fair Trading (OFT)

Licensing

Guidance

Powers

Public Information Campaigns

3 Payday Loans

Who uses payday loans?

Regulation

Rolling over loans

Cap on total cost of credit

Credit checks

The Florida Example

Use of continuous payment authority

Consumer credit code of practice

The use of APR

Credit Unions and the Post Office

Social fund

4 Debt Advice

Introduction

Commercial Debt Management Companies

Fees

Transparency

Voluntary codes of practice

Client Accounts

Internet searches

5 Government provision of debt advice: the Money Advice Service

Face-to-face and web-based advice

Legal aid budget

Funding

Salary of the Chief Executive

Conclusions and recommendations

Formal Minutes

Witnesses

List of printed written evidence

List of Reports from the Committee during the current Parliament

Oral and written evidence