questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of regulatory oversight of debt purchasing companies in ensuring that credit reference data is updated promptly following the completion of an Individual Voluntary Arrangement.
answerText: The Financial Conduct Authority (FCA) is responsible for the regulation of firms carrying out debt purchasing activities in respect to credit or consumer hire agreements. The FCA expects that these firms treat customers fairly, including those in vulnerab...
heading: Credit and Debt Collection