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.
Signatures (29)
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.
Glindon, Mary
Labour
Signed on
15 May 2019
Hendrick, Sir Mark
Labour
Signed on
15 May 2019
Stephens, Chris
Scottish National Party
Signed on
15 May 2019
Gaffney, Hugh
Labour
Signed on
16 May 2019
Shannon, Jim
Democratic Unionist Party
Signed on
16 May 2019
Hopkins, Kelvin
Independent
Signed on
16 May 2019
In addition to the sponsors, the following Members have signed to support the motion.
Bottomley, Sir Peter
Conservative
Signed on
16 May 2019
Edwards, Jonathan
Plaid Cymru
Signed on
16 May 2019
Farrelly, Paul
Labour
Signed on
16 May 2019
Cunningham, Mr Jim
Labour
Signed on
16 May 2019
Crausby, Sir David
Labour
Signed on
16 May 2019
Sobel, Alex
Labour
Signed on
20 May 2019
Day, Martyn
Scottish National Party
Signed on
20 May 2019
Linden, David
Scottish National Party
Signed on
21 May 2019
Hermon, Lady
Independent
Signed on
21 May 2019
Robinson, Gavin
Democratic Unionist Party
Signed on
22 May 2019
Hill, Mike
Labour
Signed on
22 May 2019
Rimmer, Ms Marie
Labour
Signed on
22 May 2019
Howarth, Mr George
Labour
Signed on
22 May 2019
George, Ruth
Labour
Signed on
23 May 2019
Morris, Grahame
Labour
Signed on
4 June 2019
Gethins, Stephen
Scottish National Party
Signed on
5 June 2019
Brown, Alan
Scottish National Party
Signed on
6 June 2019
Godsiff, Mr Roger
Labour
Signed on
11 June 2019
Hendry, Drew
Scottish National Party
Signed on
17 June 2019
Fitzpatrick, Jim
Labour
Signed on
17 June 2019
Amess, Sir David
Conservative
Signed on
18 June 2019
Wilson, Phil
Labour
Signed on
20 June 2019
Cooper, Rosie
Labour
Signed on
24 June 2019
There are no withdrawn signatures for this motion.