text_body: --- DIVISION TITLE ---
  
  Financial Services (Banking Reform) Bill - 
  
  --- MOTION EFFECT ---
  
  The amendment rejected in this vote was:
  
  :Amendment (a) proposed to Lords amendment 155.
  
  Amendment 155[2][3] sought to introduce a new clause titled ''Duty of FCA to make rules restricting charges for high-cost short-term credit'', which sought to do as the title describes with a view to securing an appropriate degree of protection for borrowers against excessive charges. 
  
  Amendment (a)[4] sought to add the following at the end of the clause:
  
  : Line  10,  at end insertâ
   		
  
  â(1BB)    
  	
  
  In order to assist in securing an appropriate degree of protection against excessive
   		
  
  charges, the FCA must make rules in relation to data sharing for high-cost short-
   		
  
  term credit, requiring in particular thatâ
   		
  
  (a)    
  	
  
  authorised persons providing high-cost short-term credit shall supply to
   		
  
  credit reference agencies on a daily basis such information about loans as
   		
  
  the FCA specifies;
   		
  
  (b)    
  	
  
  authorised persons providing credit reference services shall ensure that
   		
  
  they are able to receive data on a daily basis and make this available to
   		
  
  their subscribers by the end of the working day following the day on
   		
  
  which they receive it from their subscribers; and
   		
  
  (c)    
  	
  
  authorised persons providing high-cost short-term credit shall, in
   		
  
  assessing the creditworthiness of their customers, use such information
   		
  
  in ways that the FCA shall specify.
   		
  
  (1BC)    
  	
  
  The FCA must ensure that it has made rules under paragraph (1BB) by no later
   		
  
  than 1 October 2014.â
  
  
  
  
  * [1] [http://services.parliament.uk/bills/2013-14/financialservicesbankingreform.html Parliament's webpage on the Financial Services (Banking Reform) Bill]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2013-2014/0142/142.1-7.html Lords amendments to the Financial Services (Banking Reform) Bill]
  * [3] [http://www.publications.parliament.uk/pa/bills/cbill/2013-2014/0142/142.87-93.html Page of Lords amendments to the Financial Services (Banking Reform) Bill containing amendment 155]
  * [4] [http://www.publications.parliament.uk/pa/bills/cbill/2013-2014/0142/amend/pbc1421112m.1401-1403.html Amendment sheet for consideration of the Lords amendments to the Financial Services (Banking Reform) Bill on 11 December 2013]
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  