Credit: Interest Rates

(asked on 26th February 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many fines the Financial Conduct Authority has issued against payday lenders in the past year.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 4th March 2019

On 1 April 2014, regulation of the consumer credit market, including high-cost credit, was transferred to the Financial Conduct Authority (FCA).

We have passed the Honourable Members question on to the FCA, who will reply directly by letter. A copy of the letter will be placed in the Library of the House.

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