Early day motion tabled by primary sponsor Wayne David (Labour), on Thursday, 6 February 2003, in the House of Commons. It is signed by 98 members in total.

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ACTION TO TACKLE LOAN SHARKS

That this House notes that approximately three million people are victims of loan sharks; welcomes the recent statement by the Minister for Competition in response to the second report of the task force on tackling overindebtedness; and believes that careful consideration should be given to amending the Consumer Credit Act 1974 and introducing regulations so that firm controls are placed on non-status and other alternative lenders, such as weekly-collected credit companies, who deliberately target vulnerable people in some of our poorest communities.

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Secondary information

Type

Early day motion

Reference

676 

Session

2002-03

Subjects

Disadvantaged Debts Money lenders

Link

View this Early day motion on www.parliament.uk