§ 33. Mr. Staintonasked the President of the Board of Trade whether he is aware of public concern over the activities of firms offering second mortgage facilities and of mortgage brokers, and that the credentials of many lenders, the content of advertisements, interest rates, charges and documentation involve malpractices; and whether he will introduce regulatory legislation without delay.
§ Mrs. Gwyneth DunwoodyYes. But codes of conduct are being drawn up by two bodies recently formed as well as by the Advertising Standards Association. I think it would be wise to await the outcome of this voluntary action, which I welcome, as well as the relevant recommendations of the Crowther Committee before deciding whether legislation is desirable.