Skip to main content

Prevention of Excessive Charges Bill

Private Members' Bill (under the Ten Minute Rule)

Originated in the House of Commons, Session 2008-09

Last updated: 3 November 2009 at 16:08

See full passage

Long title

A Bill to prevent excessive charges or fees from being levied on consumers; and for connected purposes


The aim of this Bill is to make provisions which would protect bank customers and other borrowers from excessive charges or fees. The Bill would require that any default charges in a consumer contract with a bank must be 'fair and proportionate'. Specifically, it would limit charges and fees to no more than 2.5 per cent of the actual value of the default or failure per loan or account. This would apply to agreements regulated under the Consumer Credit Act 1974 (loans) and bank account overdrafts. The Bill would apply to the whole of the UK.


Mr Mohammad Sarwar
Glasgow Central

Current version of the Bill

Bill passage

Bill started in the House of Commons
1st reading
Committee stage
Report stage
3rd reading
Bill in the House of Lords
1st reading
2nd reading
Committee stage
Report stage
3rd reading
Final stages
Consideration of amendments
Royal Assent
In progress
Not applicable
Not yet reached