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Unfair Lending Practices

Volume 467: debated on Thursday 22 November 2007

16. To ask the Secretary of State for Business, Enterprise and Regulatory Reform what recent steps he has taken to tackle unfair lending practices. (166797)

The Government are providing funding to step up enforcement action against illegal lenders (loan sharks) and help victims to access affordable credit.

In addition through last years Consumer Credit Act consumers can access a free and independent complaints service without having to go to court. While courts have also been given stronger powers to consider whether a borrower has been treated unfairly.