Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether (a) his Department or (b) the FCA treats non-insurance debt freeze or debt waiver products as PPI products for the purposes of adjudicating on consumer complaints.

The regulation of payment protection insurance (PPI) and debt freeze and waiver products is a matter for the Financial Conduct Authority (FCA).

We have passed the Honourable Gentleman’s questions 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.