Consumer Protection

Lord Foulkes of Cumnock Excerpts

Monday 11th November 2013 Lords Chamber

[Viscount Younger of Leckie]

The noble Baroness will know that we are on the side of consumers and that we have updated some legislation already, particularly focusing on estate agents. She brought up the issues of tenancies and lettings. All letting and property management agents will have to belong to an independent redress scheme; the process for redress has become much clearer since 2010.

[Lord Foulkes of Cumnock (Lab)]

Is the Minister aware of the disgusting practice of payday lenders of targeting their advertising at children’s television programmes? Why do my grandchildren have to be subjected to that kind of advertising when they are watching “Peppa Pig”?

[Viscount Younger of Leckie]

The subject of payday lending has taken up much time in your Lordships’ House. The noble Lord will know that we are taking action. The FCA announced last month that it has proposed tough action on payday lending, which includes a focus on children, and we welcome these proposals.