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Credit: EU Action

Volume 488: debated on Tuesday 24 February 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what recent assessment he has made of whether personal reserves on bank accounts should be brought within regulations under the European Consumer Credit Directive. (252764)

[holding answer 29 January 2009]: Bank accounts that offer personal reserve facilities do fall within the scope of credit agreements covered by the consumer credit directive. The directive is due to be implemented by June 2010 and BERR will be consulting formally on implementation proposals in spring 2009.