§ 67. Mr. WILLIAM MARTINasked the Under-Secretary of State for the Home Department whether he is aware that many moneylenders make, upon those applying for loans, charges in respect of investigations out of all proportion to the outlays incurred or time occupied in making such investigations, and that such charges are most often made by those who advertise themselves as moneylenders, but who seldom or never lend money, but live purely upon the excessive investigation charges made; and is he prepared to introduce legislation to restrict the fees payable for investigations and to make it unlawful for such fees being charged by other than genuine lenders of money?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Mr. A. V. Alexander)I have been asked to reply. 1986 I have no information as to the amount of investigation charges made by moneylenders, but perhaps my hon. Friend will furnish particulars of any cases which he has in mind.
§ Mr. W. THORNEIs the hon. Gentleman aware that every now and again Members of Parliament are pestered with moneylenders' circulars, and that one moneylender offered to lend me £10,000 without any security?