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.
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.