The suspects, a 45-year-old woman and a 20-year-old man, have been taken into custody after a raid at an address In Golders Green and a business in Stanmore on Tuesday (November 25).
During the early-morning operation, officers seized documents and electronic devices.
The operation was part of the England Illegal Money Lending Team and in partnership with the Barnet, Brent and Harrow Trading Standards Service.
Dave Benbow, head of the IMLT, said: “Illegal money lending will not be tolerated in England, and we work with partners across the country to take action against those who blight our communities in this way.
“If you’ve been offered a loan, been threatened or intimidated when you couldn’t pay, had a bank card taken as security or if what you owe keeps growing even though you are making payments, then you may well have been targeted by an illegal lender.
“If you, or anyone you know, has experienced any of these things or has any knowledge of loan shark activities then contact our team in complete confidence.”
