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United Kingdom · Question · Written question

UIN 40457

Department for Work and Pensions: Loans

answeredUnited Kingdom· UK Parliament· EN

Introduced

27 April 2020

Last action

4 May 2020 · Answer

Status

Answered

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Discovery layer

Source updated

4 May 2020

Summary

To ask the Chancellor of the Exchequer, what proportion of short term loans are made by the Department for Work and Pensions; and what assessment the Financial Conduct Authority has made of the effect of those loans on the functioning of the market.

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Timeline

  1. 27 April 2020

    Written question

    To ask the Chancellor of the Exchequer, what proportion of short term loans are made by the Department for Work and Pensions; and what assessment the Financial Conduct Authority has made of the effect of those loans on the functioning of the market.

    Source: Commons

  2. 4 May 2020

    Answer

    In 2014, regulatory responsibility for the consumer credit market was transferred to the Financial Conduct Authority (FCA). Whilst the FCA is responsible for regulating this market, HM Treasury sets the regulatory perimeter which informs the types of agre...

    Source: Written answer

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