§ Mr. Leeasked the Secretary of State for Prices and Consumer Protection if she will move for an inquiry under the Tribunals of Inquiry Acts into the secondary and tertiary mortgage activities of fringe banks.
Mr. Alan WilliamsSuch an inquiry would not appear appropriate in this case. Abuses in the secondary and tertiary mortgage fields should all be satisfactorily dealt with as the relevant provisions of the Consumer Credit Act 1974 are made effective.