PARLIAMENTARY WRITTEN QUESTION
Credit: Misrepresentation (14 June 2018)
Question Asked
To ask Mr Chancellor of the Exchequer, what representations he has received from the FCA on the mis-selling of both PPI and non-insurance debt waiver or debt freeze products.
Asked by:
Kevin Hollinrake (Conservative)
Asked by:
Kevin Hollinrake (Conservative)
Answer
The regulation of payment protection insurance (PPI) and debt freeze and waiver products is a matter for the Financial Conduct Authority (FCA). We have passed the Honourable Gentleman’s questions on to the FCA, who will reply directly to him by letter. A copy of the letter will be placed in the Library of the House.
Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery, including regular meetings with the FCA to discuss relevant regulatory issues.
Answered by:
John Glen (Conservative)
19 June 2018
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