MP fighting loan sharks

0
Have your say

LOAN sharks who take advantage of vulnerable people are in the sights of a former Army officer turned South Yorkshire MP.

Dan Jarvis, who represents Barnsley Central, is calling for a change in the law to stop firms supplying loans to vulnerable people and charging ‘extortionate’ interest rates.

The Labour politician said many of his constituents had come to him because they were struggling to make repayments.

His calls are supported by Goldthorpe Credit Union which said it was dealing with such stories every day.

Mr Jarvis said: “These people should not be allowed to get away with it.”

The Barnsley MP is supporting a Labour amendment to the Government’s Finance Bill, which calls for further regulation of high cost credit lending.