Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to ensure that consumers are protected from unsolicited increases in credit limits.

The regulation of consumer credit is a matter for the Financial Conduct Authority (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 an industry agreement to restrict unsolicited credit limit increases