Asked by: Yvonne Fovargue (Labour - Makerfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many rent-to-own firms have applied to the Financial Conduct Authority for authorisation; and how many such firms have been so authorised.
Answered by Harriett Baldwin
This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply to directly to the Honourable member by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Yvonne Fovargue (Labour - Makerfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what conditions the Financial Conduct Authority has placed on the rent-to-own firms it has authorised in respect of low income users of such firms.
Answered by Harriett Baldwin
This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply to directly to the Honourable member by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Yvonne Fovargue (Labour - Makerfield)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 2.10 of the Government's response to the independent review of the Money Advice Service, published in March 2015, when his Department plans to publish the terms of reference for and objectives of the review of the case for providing consumers with a breathing space.
Answered by Harriett Baldwin
The Government will make an announcement on next steps in due course.