Written Question·Treasury·UIN 35517
Credit: Interest Rates
Tabled: 4 March 2025
Answered: 11 March 2025
Question
Katie White
Labour — Leeds North West
To ask the Chancellor of the Exchequer, if she will take steps to regulate the level of interest rates offered by loan companies on daytime television; and what steps she is taking to protect vulnerable consumers from high-cost credit.
Answer
Emma ReynoldsLenders offering high-cost credit are regulated by the Financial Conduct Authority (FCA). This oversight ensures that lending practices are fair and that consumers are protected. In 2013 the Government placed a duty on the FCA to implement a price cap for...
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