Money Lenders: Prosecutions
The question
To ask the Chancellor of the Exchequer, how many prosecutions have there been for illegal lending in each of the last five years.
Answered by Lucy Rigby
Illegal money lenders, commonly known as loan sharks, are dangerous criminals who inflict serious harm on their victims. The Government funds specialist Illegal Money Lending Teams (IMLTs) operating across the UK to tackle their crimes. These teams investigate and prosecute illegal lenders while providing crucial support to victims. Details of the teams’ work and case studies are available at the Stop Loan Sharks website: https://www.stoploansharks.co.uk/.
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