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Consumer Credit Bill

The hon. Gentleman suggests that if borrowers were denied access to those lending organisations they would be driven into the hands of loan sharks and unsavoury organisations. However, there are alternatives, such as credit unions, that are certainly not unsavoury, in many parts of the country. Does he acknowledge that they are properly regulated and do not offer unfair or excessive lending terms? I should declare that I am a member of a credit union board.