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
This Bill would stop banks and building societies from lending money based on funds in demand deposit accounts unless the account holder explicitly agrees. It aims to give savers and other account holders more control over how their deposits are used for lending, by requiring explicit consent before such lending takes place. It also includes related provisions to clarify and regulate these lending practices.
The Bill is currently at Second Reading in the House of Commons. If it progresses, it would move to Committee Stage for detailed scrutiny, followed by Report and Third Reading before passing to the Lords.
Generated 21 February 2026
No recorded votes for this bill yet.
