Loan Companies: Interest Rates Debate

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Department: Ministry of Justice

Loan Companies: Interest Rates

Lord Elystan-Morgan Excerpts
Thursday 3rd November 2011

(13 years ago)

Lords Chamber
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Lord Elystan-Morgan Portrait Lord Elystan-Morgan
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My Lords, would the Minister accept that in many credit contracts, judges in a civil capacity have a considerable jurisdiction to strike out and amend their unconscionable terms? Will she see to it that the greatest publicity is given to this power which has long been vested in civil judges?

Baroness Wilcox Portrait Baroness Wilcox
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The answer is yes.