A 45-year-old woman and a 47-year-old man were arrested on suspicion of illegal money lending and money laundering offences, following an operation in Huddersfield.
Officers seized cash and documentation during searches of the properties.
The suspects were both questioned and have been released under investigation while enquiries continue.
Tony Quigley, Head of the Illegal Money Lending Team, said: “Loan sharks are notorious for preying on vulnerable people in financial hardship. This criminal behaviour will not be tolerated in Yorkshire and we will continue to work with our partners to eradicate illegal money lenders in communities.
“We urge victims of loan sharks to contact us in confidence on 0300 555 2222 and help us bring these unscrupulous lenders to justice.”
Linda Davis, West Yorkshire Trading Standards Manager, said: “The work of the Illegal Money Lending Team is critical to protecting vulnerable people within our communities. This is even more so during a time of widespread economic uncertainty where increased vulnerability, isolation and financial insecurities create greater opportunities for loan shark activities. We welcome the Team’s work across West Yorkshire, protecting our communities and supporting victims of illegal money lending.”
To report a loan shark and access specialist support, call the 24/7 confidential helpline on 0300 555 2222, email email@example.com or complete an online form at www.stoploansharks.co.uk. Live Chat is available on the website between 9am and 5pm, Monday to Friday.