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Written question asked by Paul Flynn (Labour) on Thursday, 2 July 1998, in the House of Commons. It was due for an answer on Thursday, 16 July 1998. It was answered by Nigel Griffiths (Labour) on Thursday, 16 July 1998 on behalf of the Department of Trade and Industry.


Dept of Trade and Industry

Question
To ask the President of the Board of Trade, What new proposals she has to restrict the activities of loan companies charging excessive rates of interest. (Failed OPQ).
Answer

Mr. Flynn: To ask the President of the Board of Trade what new proposals she has to restrict the activities of loan companies charging excessive rates of interest. [49406] Mr. Nigel Griffiths: The Director General of Fair Trading is currently consulting on the extortionate credit provisions of the Consumer Credit Act 1974. Before taking further action I will study the evidence this exercise produces and his proposals.


Secondary information

Type
Written question
Reference
49406; 316 c284W
Session
1997-98
Question not reached
Yes
Subjects
Consumers Credit Protection