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United Kingdom · Question · Written question

UIN 7977

Credit: Interest Rates

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 May 2022

Last action

31 May 2022 · Answer

Status

Answered

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Discovery layer

Source updated

31 May 2022

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Summary

To ask the Chancellor of the Exchequer, what steps he is taking to reduce the number of people who are in debt as a result of pay day loan schemes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 May 2022

    Written question

    To ask the Chancellor of the Exchequer, what steps he is taking to reduce the number of people who are in debt as a result of pay day loan schemes.

    Source: Commons

  2. 31 May 2022

    Answer

    The Government strongly believes that consumers should be protected from unfair costs in the payday lending market to avoid them falling into problem debt. The Government therefore legislated to require the Financial Conduct Authority (FCA) to introduce a...

    Source: Written answer

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