Author Topic: Financial Services | Business, Innovation and Skills | Written Answers  (Read 740 times)

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Offline Fido

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Financial Services | Business, Innovation and Skills | Written Answers
15 December 2010, 1:00 am

To ask the Secretary of State for Business, Innovation and Skills

(1)  whether his Department's review of consumer credit will assess the merits of use of a total cost of borrowing figure instead of an annual percentage rate as a measure of the value of a loan for consumers;

(2)  if he will recommend to companies providing short-term loans that they display a total cost of borrowing for their customers instead of an annual percentage rate.

Source: Justin Tomlinson's recent appearances (TheyWorkForYou)