United Kingdom · Question · Written question
UIN 26953
Loans: Unfair Practices
Introduced
9 March 2020
Last action
12 March 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
12 March 2020
Summary
To ask the Chancellor of the Exchequer, what recent steps he has taken to eliminate unfair practices by logbook loan companies.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
9 March 2020
Written question
To ask the Chancellor of the Exchequer, what recent steps he has taken to eliminate unfair practices by logbook loan companies.
Source: Commons
12 March 2020
Answer
In 2014, HM Treasury asked the Law Commission to review the legislation underpinning logbook loans. During consultation stakeholders raised concerns that any reform could increase consumer detriment, particularly amongst vulnerable consumers. Furthermore,...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-03-09/26953
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1183772
- uk · wq-1183772 · source updated 12 March 2020