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United Kingdom · Question · Written question

UIN 6056

Credit

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

8 December 2023

Last action

18 December 2023 · Answer

Status

Answered

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Discovery layer

Source updated

18 December 2023

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the implications for his policies of different practices relating to the (a) provision of forbearance and (b) prioritisation of payments on essential bills in the (i) regulated and (

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Timeline

  1. 8 December 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the implications for his policies of different practices relating to the (a) provision of forbearance and (b) prioritisation of payments on essential bills in the (i) regulated and (

    Source: Commons

  2. 18 December 2023

    Answer

    The Financial Conduct Authority’s (FCA) rules require firms offering regulated credit products to offer forbearance to customers who are in arrears with their repayments. Firms can meet these requirements by suspending, reducing, waiving, or cancelling an...

    Source: Written answer

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