Rachel Reeves MP

Member of Parliament for Leeds West

New Measures to Combat Loan Sharks

Rachel welcomed new measures to tackle criminals illegally lending money announced by Consumer Affairs Minister Gareth Thomas.The national hotline - which is confidential - is now up and running and gives consumers one single point of contact. The Stop Loan Sharks teams have successfully prosecuted more than 60 people with a further 90 prosecutions underway.

This amounts to nearly 40 years of custodial sentences for illegal lending and associated crimes. The teams have supported more than 7,000 victims of illegal money lenders. The first two pilot schemes were launched in September 2004 and then rolled out to every region of England, Wales and Scotland in 2007. Their work has meant around £14million has been saved for consumers who were locked in illegal deals with these money lenders.

Rachel will be attending the West Leeds Debt Forum on 13th March.

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.