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Loan Sharks

Volume 167: debated on Monday 12 February 1990

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To ask the Secretary of State for Trade and Industry what representations he has received about the increasing activities of loan sharks on council estates in Manchester; what reply he is sending; if there is any action he will be taking; and if he will make a statement.

The only representations my right hon. Friend has received are those contained in the right hon. Member's letter of 1 February, to which a reply will be sent shortly. The law, in particular the consumer Credit Act 1974 and the Administration of Justice Act 1970, provides the enforcement authorities with appropriate powers to protect the public from loan sharks. The Director General of Fair Trading and local authorities have the duty of enforcing consumer credit legislation whilst enforcement of other relevant laws is a matter for the police.