§ Mr. Wardasked the Secretary of State for Prices and Consumer Protection whether she is satisfied that the public are adequately protected against misleading 472W claims made by finance houses offering loans on second mortgage, and with the extent to which those offering such loans are required to inform their borrowers of unreasonable rises in their interest liabilities.
Mr. Alan WilliamsThe Consumer Credit Act, when fully effective, should provide all necessary protection in such matters. In drawing up regulations to implement the Act, I am ready to consider any point that my hon. Friend cares to bring to my attention.