§ Mr. Elliot Morley accordingly presented a Bill to control the rate of interest charged by credit card companies by linking it to the rate recommended for borrowing by the Bank of England: to prohibit the making of inducements designed to promote excess borrowing by credit card users: to prohibit the charging of arrangement fees for consolidation and other forms of loans: to provide for clear written examples of what the APR means in financial terms and warnings for any loan scheme that may involve the loss of a house as part of the loan security conditions: and to make other provisions as to regulating such borrowing; And the same was read the First time; and ordered to be read a Second time upon Friday 8 July and to be printed. [Bill 94.]