PARLIAMENTARY WRITTEN QUESTION
Bank Services: Misrepresentation (28 March 2018)
Question Asked
To ask Mr Chancellor of the Exchequer, whether he is aware of any potential cases of banks mis-selling debt (a) waiver and (b) freeze products on a scale similar to that of Vanquis Bank.
Asked by:
Kevin Hollinrake (Conservative)
Asked by:
Kevin Hollinrake (Conservative)
Answer
This is an operational matter for the Financial Conduct Authority (FCA) as the regulator of consumer credit, who are operationally independent from Government. The questions have been passed on to the FCA.
For legal and public interest reasons, the FCA do not generally disclose publicly whether or not they are taking action against a regulated firm, an insurer or an individual person.
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:
John Glen (Conservative)
18 April 2018
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