Nick Smith
Main Page: Nick Smith (Labour - Blaenau Gwent and Rhymney)Department Debates - View all Nick Smith's debates with the Leader of the House
(7 years, 3 months ago)
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Nick Smith (Blaenau Gwent) (Lab)
May we have a statement on the powers of the Financial Conduct Authority? Its slowness in taking action against sky-high interest rates in the rent-to-own sector has left hard-up families paying through the nose for cookers and for cots.
Andrea Leadsom
It is incredibly important that financial conduct is carried out meticulously, and the regulator has strong powers to ensure that people behave appropriately. There are all sorts of issues around financial conduct at all times, and I think the FCA does a good job, but if the hon. Gentleman wants to raise a particular issue, I recommend that he tries to arrange a Westminster Hall debate on that specific point.