Written question asked by Bishop of St Albans (Bishops (affiliation)) on Wednesday, 6 December 2017, in the House of Lords. It was due for an answer on Wednesday, 20 December 2017. It was answered by Lord Bates (Conservative) on Thursday, 14 December 2017 on behalf of the Treasury.
Credit
- Question
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To ask Her Majesty's Government how they will monitor the voluntary agreement by lenders not to give automatic credit limit increases to consumers.
- Answer
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Regulation of the consumer credit, including credit cards, is a matter for the Financial Conduct Association (FCA). The FCA has carried out an extensive credit card market study which identified concerns about persistent credit card debt. The FCA’s proposed measures to tackle persistent debt include a voluntary industry agreement to restrict unsolicited credit limit increases.
We have passed the Lord Bishop’s question on to the FCA, who will reply directly to him by letter. A copy of the letter will be placed in the Library of the House.
Secondary information
- Type
- Written question
- Reference
- HL3952
- Session
- 2017-19
- Related items
- Subjects
- Credit
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-07 16:36:29 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL3952
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