A Bill to prohibit banks and building societies lending on the basis of demand deposits without the permission of the account holder; and for connected purposes.
House of Commons
1 May 2012
May contain errors — check source documents for definitive information.
The Financial Services (Regulation of Deposits and Lending) Bill would stop banks and building societies from lending money using funds from demand deposit accounts unless the account holder has given explicit permission. It aims to give depositors more control over how their money is used and to tighten rules around lending, with provisions for related measures. It is currently at the 2nd reading stage in the House of Commons.
The bill is at the Commons 2nd reading stage; after this, it would typically move to committee for detailed examination.
Generated 21 February 2026
15 Sept 2010
No recorded votes for this bill yet.
