Neil Parish MP speaks out against pay-day lenders

Neil Parish, MP for Tiverton and Honiton, speaking in an Adjournment debate about payday loan companies in the House of Commons said:

 

“I think that we are now seeing a cross-party attack on payday loans, along with a wish to attract people to credit unions and create more of them. We should put pressure on payday loan companies not to charge huge interest rates and huge fees for late repayment, and try to give people access to credit at an affordable rate through credit unions.”

 

Hansard source (Citation: HC Deb, 20 January 2014, c116)