Ian Austin MP

Member of Parliament for Dudley North

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Dudley MP Ian Austin is calling for tougher action on loan sharks saying new measures do not go far enough.

This week the Financial Conduct Authority (FCA) has announced a cap on the cost of credit, limiting the rates payday loan companies can charge to 0.8% per day of the total amount borrowed.

Austin has welcomed these regulations but said that they do not go far enough to tackle the exploitation of local people by payday lenders.

He added that loopholes in the new regulations allow many loan sharks to design products that evade the cap but still take advantage of the most vulnerable people in our society.

The MP has previously backed plans for a levy on the profit of payday lenders to double the availability of low-cost alternatives such as credit unions.

Ian Austin said:

“Money’s tight for a lot of local people but these predatory businesses make their money by piling debt upon debt and creating a personal debt crisis.

“I welcome these new regulations but I think tougher action should be taken to drive payday lenders out of Dudley.

“I want to help responsible lenders like the Castle & Crystal credit union here in Dudley by lowering the cap on the cost of credit.”

Austin: Payday lender limits not tough enough

Dudley MP Ian Austin is calling for tougher action on loan sharks saying new measures do not go far enough.

Dudley MP Ian Austin has welcomed plans to invest in a new rail scheme in Dudley.

The Government has announced extra funding for the Black Country Local Enterprise Partnership, with investment planned for the creation of a Light Rail Innovation Centre in Dudley.

As well as offering leading research and education, the plans will create a rail link between Dudley Port station and the sit of Dudley town’s old station at the bottom of Castle Hill.

Austin has been campaigning to bring rail services to Dudley for the last decade, raising the issue on many occasions with the council, the government and transport bodies and has written to Dudley Council and local transport provider Centro supporting the plans.

Ian Austin said:

“Ever since I became an MP, I've been working to bring rail services to Dudley.

“Connecting the town to the wider transport network will help bring new businesses and new jobs to our town, help visitors get to the Castle, the Zoo and the Black Country Museum and make it easier for local people to get to work elsewhere.

“This funding brings a Dudley rail link one step closer and I’ll be working with Dudley Council and Centro the project gets the full funding it needs.”

Austin welcomes Dudley rail investment

Dudley MP Ian Austin has welcomed plans to invest in a new rail scheme in Dudley.

Dudley MP Ian Austin is backing campaigners against plans to cram new houses onto a site in Sedgley.

Residents on Cotwall End Road in Sedgley got in touch with Austin after learning that a nearby house was to be demolished and replaced by four houses on the same spot.

Ian Austin will be meeting local residents at the site outside 105 Cotwall End Road at 3:30pm on Thursday 29 January.

There are concerns that the development will bring unwanted disruption and cause congestion on the narrow road and alter the character of the local area.

Austin is helping the campaigners raise concerns the developers behind the plans and make sure they get a say in the planning process.

Ian Austin said:

“It is a crying shame to see one of Sedgley’s most beautiful houses replaced by four modern homes.

“Replacing a single house on the road with four new ones won’t just cause disruption for residents, but completely alter the road’s character.

“That’s why I’m backing their campaign and taking up their concerns directly with the developer behind these plans.”

Austin backs residents' campaign against housing development

Dudley MP Ian Austin is backing campaigners against plans to cram new houses onto a site in Sedgley.


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