Thamesbank Credit Union was very pleased to receive a visit from Seema Malhotra MP on Friday 07 October 2022 in reference to Illegal Money Lending in West London.
The MP welcomed our approach of working with Landlords to tackle rent arrears and prevent homelessness and in particular the need to provide an ethical alternative to Loan Sharks.
Graham Tomlin from Credit Union Solutions (CUS) said:
“Seema is a long time member and supporter of Thamesbank and we are delighted that she is raising the threat of a growth in Loan Shark activity in our community.
Thamesbank Credit Union has been working with the Illegal Money Lending Team for several years and we fear that the current economic downturn will see more vulnerable families turn to loan sharks unless Landlords partner with Thamesbank Credit Union to ensure the availability of ethical loans.”