Written Question·Treasury·UIN 7254

Loans: Protection

Tabled: 4 October 2024
Answered: 11 October 2024

Question

Claire Hazelgrove

LabourFilton 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 Siddiq
The 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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