Workers Credit Union Locations

Latest news on the National Health Service and Care Sector Workers (Credit Union and High Cost Credit) Bill 2014-15

This Bill is expected to have its second reading debate on 6 March 2015.

This Bill was introduced to Parliament on 19 November 2014 under the Ten Minute Rule. This allows an MP to make his or her case for a new bill in a speech lasting up to ten minutes. An opposing speech may also be made before the House decides whether or not the bill should be introduced. If the MP is successful the bill is taken to have had its first reading.

Summary of the National Health Service and Care Sector Workers (Credit Union and High Cost Credit) Bill 2014-15

A Bill to require the Secretary of State to promote membership of a credit union for staff employed by the NHS, other care sector workers, and family members who live in the same household; to facilitate payroll deductions for staff employed by the NHS and other care sector workers who are members of credit unions and to report regularly to Parliament on compliance with these requirements; to place a duty on payday lenders to encourage staff employed by the NHS and other care sector workers to take advice on debt management before acquiring high cost credit; to require the Financial Conduct Authority to report annually on payday lenders’ compliance with this requirement; and for connected purposes.

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