Call for money lender rate cap

THE Government should cap interest rates for money lenders in a bid to stop ordinary people falling even further into debt, it was claimed yesterday.

The call came as the Irish League of Credit Unions launched a national “anti-money lenders” campaign in conjunction with the Money Advice and Budgeting Service.

Building on a pilot project along the same lines last year untitled Keep the wolves from the door this Christmas, the league said it would be using posters and leaflets to advise people that credit unions could help people with debt problems.