Labour MP calls for repo crackdown on lenders

McMillan, Paul
May 2006
Money Marketing;5/18/2006, p20
The article reports on the demand for a better regulation of repossessions in protecting consumers by a labor member of Parliament (MP) in Great Britain. George Mudie, MP for Leeds East expressed, that the current growth in repossessions with the questionable and arbitrary behavior of lenders merely denotes that the regulation must be developed. He also asserts that unreliable lending must be given an importance when repossessions are achieved.


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