HC Deb 19 October 1971 vol 823 c102W
48. Mr. Bidwell

asked the Secretary of State for Trade and Industry if he will carry out an inquiry into high interest rates charged by money-lenders, with a view to possible legislative action.

Mr. Ridley

No. The Committee on Consumer Credit, whose Report was published earlier this year, examined in great detail the activities of money-lenders and all other providers of consumer credit. It made major recommendations for new legislation which the Government are at present considering.