§ 38. Mr. Willie W. Hamiltonasked the Secretary of State for Trade and Industry what steps he intends to take to tighten up the law on moneylending.
§ Mr. FletcherThere is no need to tighten up the law on moneylending. Many of the practices publicised by the Director General of Fair Trading recently are criminal offences under the Consumer Credit Act 1974 and other law. The Director General, who has responsibility for the enforcement of the Act, has appealed to victims of malpractice to come forward and I hope this will assist the enforcement authorities to bring offenders before the courts.