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LOAN SMART

EDM (Early Day Motion) 2395: tabled on 15 May 2019

Tabled in the 2017-19 session.

This motion has been signed by 29 Members. It has not yet had any amendments submitted.

Motion text

That this House recognises that over 300,000 people borrow money from illegal money lenders or loan sharks, often without realising it is illegal and that the lenders are not authorised by the Financial Conduct Authority (FCA); notes that the FCA found that 45 per cent of borrowers from illegal lenders had been verbally abused or physically threatened; further notes that 36 per cent of consumer credit enquiry calls to the FCA's Consumer Credit Centre involve status and regulation, including checking on a firm's authorisation status; warmly welcomes Loan Smart, a new charity formed to help highlight the dangers of illegal money lending, including through a new free website where people can check easily whether a lender is fully authorised by the FCA and which signposts other useful websites including PayPlan, Citizen's Advice, Money Advice Service and Stop Loan Sharks; and commends Loan Smart's series of local initiatives run volunteers to help spread the message about the dangers of loan sharks.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Bottomley, Sir Peter
Conservative
Signed on 16 May 2019
Worthing West
Edwards, Jonathan
Plaid Cymru
Signed on 16 May 2019
Carmarthen East and Dinefwr
Farrelly, Paul
Labour
Signed on 16 May 2019
Newcastle-under-Lyme
Cunningham, Mr Jim
Labour
Signed on 16 May 2019
Coventry South
Crausby, Sir David
Labour
Signed on 16 May 2019
Bolton North East
Sobel, Alex
Labour
Signed on 20 May 2019
Leeds North West
Day, Martyn
Scottish National Party
Signed on 20 May 2019
Linlithgow and East Falkirk
Linden, David
Scottish National Party
Signed on 21 May 2019
Glasgow East
Hermon, Lady
Independent
Signed on 21 May 2019
North Down
Robinson, Gavin
Democratic Unionist Party
Signed on 22 May 2019
Belfast East
Hill, Mike
Labour
Signed on 22 May 2019
Hartlepool
Rimmer, Ms Marie
Labour
Signed on 22 May 2019
St Helens South and Whiston
Howarth, Mr George
Labour
Signed on 22 May 2019
Knowsley
George, Ruth
Labour
Signed on 23 May 2019
High Peak
Morris, Grahame
Labour
Signed on 4 June 2019
Easington
Gethins, Stephen
Scottish National Party
Signed on 5 June 2019
North East Fife
Brown, Alan
Scottish National Party
Signed on 6 June 2019
Kilmarnock and Loudoun
Godsiff, Mr Roger
Labour
Signed on 11 June 2019
Birmingham, Hall Green
Hendry, Drew
Scottish National Party
Signed on 17 June 2019
Inverness, Nairn, Badenoch and Strathspey
Fitzpatrick, Jim
Labour
Signed on 17 June 2019
Poplar and Limehouse
Amess, Sir David
Conservative
Signed on 18 June 2019
Southend West
Wilson, Phil
Labour
Signed on 20 June 2019
Sedgefield
Cooper, Rosie
Labour
Signed on 24 June 2019
West Lancashire

There are no withdrawn signatures for this motion.