Written Question·Treasury·UIN 7254
Loans: Protection
Tabled: 4 October 2024
Answered: 11 October 2024
Question
Claire Hazelgrove
Labour — Filton and Bradley Stoke
To ask the Chancellor of the Exchequer, if she will take steps to ensure that people entering into financial commitments are provided with adequate information on the (a) contract and (b) impact of borrowing.
Answer
Tulip SiddiqThe Financial Conduct Authority (FCA) is responsible for regulating the consumer credit market. It is part of a robust regulatory system which is driving the Government’s vision for a well-functioning and sustainable consumer credit market that meets cons...
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