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971557

registered interest
date	11/09/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	What assessment he has made of the potential contribution of FinTech to the economy.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	906802
answer	answer is ministerial correction date of answer 11/09/2018 answer text Fintech contributes more than £6bn to the economy annually, employing 60,000 people across 1,600 companies. answering member constituency Salisbury answering member printed John Glen question first answered 11/09/2018 16:12:34 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton

867511

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of overdraft charges on the finances of vulnerable people.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	133486
answer	answer is ministerial correction date of answer 27/03/2018 answer text <p>Decisions on overdraft fees and charges are a commercial matter for firms. The Financial Conduct Authority (FCA) requires firms to treat their customers fairly and has broad and robust powers to enforce breaches of its rules.</p><p>In its July 2017 review of high-cost credit, the FCA concluded that it had concerns about both arranged and unarranged overdrafts. On 31 January 2018 the FCA published an update on its review, confirming it had seen evidence of consumer harm and would be undertaking further analysis to identify the extent of that harm, and how it might be resolved. The FCA has committed to publishing the results of this analysis in May 2018. The FCA also confirmed that overdrafts would be considered as part of its wider Strategic Review of Retail Business Banking Models and that it would look to consult on any further remedies towards the end of 2018, taking into account the findings of the Strategic Review.</p><p>The Government supports the FCA’s work in this area and will continue to work with it to ensure that all consumers who use high-cost credit products are treated fairly.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 133487 question first answered 27/03/2018 10:33:49 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton

867512

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to reduce the level of fees for unauthorised overdraft fees.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	133487
answer	answer is ministerial correction date of answer 27/03/2018 answer text <p>Decisions on overdraft fees and charges are a commercial matter for firms. The Financial Conduct Authority (FCA) requires firms to treat their customers fairly and has broad and robust powers to enforce breaches of its rules.</p><p>In its July 2017 review of high-cost credit, the FCA concluded that it had concerns about both arranged and unarranged overdrafts. On 31 January 2018 the FCA published an update on its review, confirming it had seen evidence of consumer harm and would be undertaking further analysis to identify the extent of that harm, and how it might be resolved. The FCA has committed to publishing the results of this analysis in May 2018. The FCA also confirmed that overdrafts would be considered as part of its wider Strategic Review of Retail Business Banking Models and that it would look to consult on any further remedies towards the end of 2018, taking into account the findings of the Strategic Review.</p><p>The Government supports the FCA’s work in this area and will continue to work with it to ensure that all consumers who use high-cost credit products are treated fairly.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 133486 question first answered 27/03/2018 10:33:49 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton

862155

registered interest
date	14/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with consumer groups on the effect on consumers of LINK's proposals to reduce the interchange fee.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	132574
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>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. This includes regular meetings with regulators, consumer organisations, and industry – including LINK and the Payment Systems Regulator – to discuss relevant issues, such as access to cash.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations are published on a quarterly basis and are available at:</p><p> </p><p>https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</p><p> </p><p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK, and will continue to engage with a range of stakeholders to ensure that it is maintained.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 132575 132580 question first answered 20/03/2018 16:08:14 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton

862156

registered interest
date	14/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with LINK and the Payment Systems Regulator on LINK's ability to guarantee the protections outlined in its Financial Inclusion Programme.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	132575
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>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. This includes regular meetings with regulators, consumer organisations, and industry – including LINK and the Payment Systems Regulator – to discuss relevant issues, such as access to cash.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations are published on a quarterly basis and are available at:</p><p> </p><p>https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</p><p> </p><p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK, and will continue to engage with a range of stakeholders to ensure that it is maintained.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 132574 132580 question first answered 20/03/2018 16:08:14 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton

862161

registered interest
date	14/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with the Payment Systems Regulator on the future provision of ATMs and wider issues related to consumers' access to cash.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	132580
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>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. This includes regular meetings with regulators, consumer organisations, and industry – including LINK and the Payment Systems Regulator – to discuss relevant issues, such as access to cash.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations are published on a quarterly basis and are available at:</p><p> </p><p>https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</p><p> </p><p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK, and will continue to engage with a range of stakeholders to ensure that it is maintained.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 132574 132575 question first answered 20/03/2018 16:08:14 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton