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Written question asked by Seema Malhotra (Labour) on Monday, 11 January 2016, in the House of Commons. It was due for an answer on Thursday, 14 January 2016 (named day). It was answered by Harriett Baldwin (Conservative) on Thursday, 14 January 2016 on behalf of the Treasury.

Debts

Question

To ask Mr Chancellor of the Exchequer, what representations he has received since September 2015 on (a) consumer debt and (b) personal loans.

Answer

The Government has fundamentally reformed the regulation of consumer credit, transferring regulatory responsibility from the Office of Fair Trading to the Financial Conduct Authority (FCA). The FCA regime has been designed to strike the right balance between proportionality and consumer protection. The Government has ensured that the FCA has robust powers to protect consumers.


Treasury Ministers and officials have meetings with, and receive letters from, a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.


Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:

https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

Secondary information

Type
Written question
Reference
21831
Session
2015-16
Subjects
Debts Loans
Contains statistics
Yes
Link
View this Written question on www.parliament.uk