The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Miller
To ask the President of the Board of Trade what plans she has to prevent unfair lending practices in the secured loans market. [10067]
Mr. Nigel Griffiths
I am concerned over some of the allegations I have seen about practices adopted by some lenders and brokers.I warmly welcome, and support, the guidelines which the Director General of Fair Trading published today to lenders and brokers in this market. I urge all businesses in the sector to follow these guidelines on good business practice which the Director General advocates. Now that the industry has these guidelines I hope this will put an end to concerns about its business practices.