The text on this page has been created from Hansard archive content, it may contain typographical errors.
49.
Mr. Walter Johnson
asked the Secretary of State for Prices and Consumer Protection whether he will introduce legislation to regulate the activities of finance houses which offer loans to householders at high and escalating interest rates.
Mr. John Fraser
The Consumer Credit Act 1974 contains provisions governing the activities of finance houses in relation to loans to individuals. Some of the provisions are already in operation; I hope to make others operative soon.