PARLIAMENTARY EARLY DAY MOTION
CAPPING OVERDRAFT CHARGES FOR CURRENT ACCOUNTS (8 February 2017)
Motion Details
That this House calls on the Government to introduce a cap on the total charges any bank can place on overdrawn personal current accounts; further calls on the Competition and Markets Authority to note the 2016 decision not to introduce a mandatory cap on overdraft charges; notes the high levels of interest that can arise as a result of daily charges accruing over time; and expresses deep concern over the disproportionate impact these charges have on low-paid households and on those relying on insecure sources of employment.
Sponsored by:
Baroness Ritchie of Downpatrick (Labour)
EDMS Sponsor By Party
Party
Votes
%
Labour
11
32%
Scottish National Party
10
29%
Democratic Unionist Party
4
12%
Independent
3
9%
Social Democratic & Labour Party
2
6%
Ulster Unionist Party
2
6%
Liberal Democrat
1
3%
Green Party
1
3%
Sponsor List (34 sponsors)
Party
Member
Constituency
DUP
Mr Gregory Campbell
East Londonderry
Lab
Mr Ronnie Campbell
Lab
Sir David Crausby
Lab
Mr Jim Cunningham
SNP
Martyn Day
SNP
Martin Docherty-Hughes
DUP
Lord Dodds of Duncairn
Lab
Stephen Doughty
Cardiff South and Penarth
SDLP
Mark Durkan
UUP
Lord Elliott of Ballinamallard
Lab
Paul Flynn
Lab
Mr Roger Godsiff
SNP
Patrick Grady
Ind
Lady Hermon
Ind
Kelvin Hopkins
SNP
George Kerevan
UUP
Danny Kinahan
SNP
Chris Law
Dundee Central
Green
Caroline Lucas
Lab
Gordon Marsden
Lab
Rachael Maskell
York Central
SDLP
Dr Alasdair McDonnell
Ind
Natalie McGarry
SNP
John McNally
Lab
Sir Alan Meale
SNP
Dr Paul Monaghan
Lab
Baroness Ritchie of Downpatrick (Sponsor)
DUP
Gavin Robinson
Belfast East
DUP
Jim Shannon
Strangford
Lab
Mr Virendra Sharma
SNP
Chris Stephens
SNP
Alison Thewliss
SNP
Owen Thompson
LD
Mr Mark Williams
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.