I'm grateful to Peter Black AM for a press released headed "Labour 'complicit in reckless lending' says AM".
If you're appalled by reckless lending, you can sign up here for a Liberal Democrat credit card. After an initial interest-free period you may find yourself paying a far from reckless 18.9 per cent APR.
Peter Black's ire was focused on mortgage lenders but I think the principle's the same (and the interest rate higher) so I hope I haven't quoted him entirely out of context.
Clearly he didn't have the Co-Op or Visa in mind when he said: "It is quite clear that the banks themselves will do nothing voluntarily to reduce the good living that they make out of the debt they have foisted upon their customers."