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<p>The Regulation of consumer credit is a matter for the Financial Conduct Authority
(FCA). The government has given the FCA strong powers to protect consumers and to
take action against firms and individuals that do not meet its standards.</p><p>FCA
rules are based on the principle that money should only be lent to a consumer if they
can afford to repay it. The rules set out what is expected of firms, and the sanctions
if they lend irresponsibly.</p><p>Treasury ministers and officials meet regularly
with the FCA, and the government will continue to work closely with the FCA to ensure
all customers are treated fairly.</p>
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