questionText: To ask the Chancellor of the Exchequer, if she will take steps to regulate the level of interest rates offered by loan companies on daytime television; and what steps she is taking to protect vulnerable consumers from high-cost credit.
answerText: Lenders offering high-cost credit are regulated by the Financial Conduct Authority (FCA). This oversight ensures that lending practices are fair and that consumers are protected. In 2013 the Government placed a duty on the FCA to implement a price cap for...
heading: Credit: Interest Rates