Lending Regulation Bill – is it or isn’t it?

There is conflicting news about the progress of this Bill.  A commercial legal information provider this week reports it as having been withdrawn at its second reading in the Commons.   The Parliament website says there was not enough time to complete the debate before the end of the session on 27 February 2009,  so it has been postponed to 15 May.  Perhaps the Parliament website just needs updating to catch up with subsequent, unknown events.  If I find out what is really happening, I will let you know … The Bill is to impose requirements on lenders relating to the calculation of interest rates and to regulate the promotion of lending.