Proceeding contribution from Stella Creasy (Labour) in the House of Commons on Thursday, 16 June 2011. It occurred during Ministerial statement on Regulatory and Banking Reform.
Regulatory and Banking Reform
Further to that point about the powers of the Financial Conduct Authority, will the Minister clarify whether it will have oversight over the consumer credit market, particularly the high-cost credit market, which is a source of concern for many Opposition Members? Perhaps he will take the opportunity to confirm whether the FCA's powers of intervention could include capping the total cost that lenders can charge for lending where it is detrimental to consumers so that we can deal with the toxicity of the legal loan shark market.
Secondary information
- Type
- Proceeding contribution
- Reference
- 529 c967
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Banks Conduct Competition Bank of England Finance Insurance companies Financial services Insolvency International cooperation Financial Services Authority Financial markets Government shareholding Private sector Privatisation Protection Standards Sales Regulation Reform Treasury Financial Services Compensation Scheme Northern Rock plc Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Independent Commission on Banking Southsea Mortgage and Investment Company
- Legislation
- Draft Financial Services Bill
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:41:02 +0000
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