The government has announced it will get tough with
John Hutton, secretary of state for business, enterprise & regulatory reform, has announced a £3 million fund to help eliminate illegal lending.
The measures have been welcomed by Abcul, the credit union organisation, which has said that the move will complement other initiatives the industry itself is involved in.
Mark Lyonette, chief executive of Abcul, said: “
The £126 million Now Let’s Talk Money campaign, funded by the treasury and delivered by the department for work and pensions, aims to educate people about free money advice and the alternatives to
Deputy director of policy at the National Consumer Council, Claire Whyley, said that some people were unable to access other forms of credit and felt they had no choice but to go to
“That makes them incredibly vulnerable,” she told the BBC.
© Adfero Ltd