Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-16-Speech-3-132"
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"en.20080116.9.3-132"2
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"Madam President, on the Committee on the Internal Market and Consumer Protection where this report has been gestating for a long period of time in both readings, it is well known that I have had some severe criticism of it from its early stages where it was confusing new products that are available in one market – such as the UK market, such as mortgages where you can offset your credit balance with the same bank against your mortgage – which under initial proposals would have been banned in this report, to where we have now, after six years, new concerns – even though we have been talking about this report for six years – about the early repayment of credit costs.
This is an amazingly important piece of legislation. It will affect huge numbers of people including anyone that owns a home in my constituency. I was talking about it in a Conservative meeting in the village of Harpole at the house of a man called Michael Orton-Jones who raised it with me personally, about the consumer credit directive and the money-laundering directives that are passed in this House.
We have got to be much more careful in the way that we deal with this sort of very important legislation."@en1
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