Consumer Credit Regulation
Debate between Chris Evans and Gareth ThomasWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
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Chris Evans (Islwyn) (Lab/Co-op)
I have just watched the “Jeremy Kyle Show”—I do not want to recommend that to anybody and I cannot believe that I have admitted it in a Westminster Hall debate. During the adverts, a company called Wonga was advertising same-day loans with an interest rate of 2,400%. Is it responsible for advertising companies to allow such adverts to run?
Mr Thomas
I will not comment on my hon. Friend’s television viewing habits, other than to say that I know he has raised concerns about the activities of Wonga, and I will come on to that. It is an interesting company in the consumer credit field for a slightly different reason, which I shall come to later.
I join my hon. Friend the Member for Walthamstow in asking the Government to consider including the issues that she raised within the review of the consumer credit sector, and I do so in a spirit of welcoming their review of consumer credit.