PARLIAMENTARY WRITTEN QUESTION
Credit: Interest Rates (17 October 2017)

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 9 October 2017 to Question 10193, whether the Financial Conduct Authority (FCA)has conducted investigative work to assess whether consumer credit providers are complying with FCA rules and ensuring that advertised loan APR rates are being offered to at least 51 per cent of those customers who request them.

Asked by:
Mr Toby Perkins (Labour)

This is an operational matter for the Financial Conduct Authority (FCA), who are operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.

Answered by:
Steve Barclay (Conservative)
24 October 2017