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935302

	registered interest
	date	06/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Payments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his Department's consultation on Cash and digital payments in the new economy, published on 13 March 2018, when his Department plans to respond to that consultation; and if he will make a statement.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	161547
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161548 161549 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

935303

	registered interest
	date	06/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to tackle excessive card payment surcharges.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	161548
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161547 161549 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

935304

	registered interest
	date	06/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effectiveness of the Consumer Rights (Payment Surcharge) Regulations 2012 in tackling excessive card payment surcharges.
	tabling member constituency	York Outer
	tabling member printed	Julian Sturdy
	uin	161549
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161547 161548 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
	tabling member	4079 label Biography information for Julian Sturdy

937436

	registered interest
	date	09/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insurance: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the implications are for his policies of recent research showing insurers quoting higher premiums for people with names common among ethnic minorities.
	tabling member constituency	Leeds North West
	tabling member printed	Alex Sobel
	uin	162150
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>The Government is determined that insurers treat customers fairly, and firms are required to do so under Financial Conduct Authority (FCA) rules. In addition, the Equality Act 2010 prohibits insurers from discriminating on the basis of ethnic origin.</p><p> </p><p>The FCA is currently conducting detailed discovery work into pricing practices used by insurers to develop a clear understanding of current market practices. This discovery work is looking at the techniques, strategies and rating factors used by insurers in the insurance market. Once concluded, this work will enable consideration of whether any further intervention is required.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/07/2018 09:45:06 answering member 4051 label Biography information for John Glen
	tabling member	4658 label Biography information for Alex Sobel

937556

	registered interest
	date	09/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have paid a penalty charge for the withdrawal of money from a Lifetime ISA; and how much has been accrued to the public purse as a result of those penalty charges.
	tabling member constituency	Ellesmere Port and Neston
	tabling member printed	Justin Madders
	uin	162093
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>During the first financial year 2017/18 there was no unauthorised withdrawal charge in place. The data for 2018/19 is not yet available, but HMRC will publish it in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/07/2018 09:41:28 answering member 4051 label Biography information for John Glen
	tabling member	4418 label Biography information for Justin Madders

938522

	registered interest
	date	11/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: Repossession Orders
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will establish a hardship fund to help prevent home repossessions of people unable to switch to mortgages with lower rates.
	tabling member constituency	Bethnal Green and Bow
	tabling member printed	Rushanara Ali
	uin	163107
	answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>The Government has already taken a number of measures aimed at helping people avoid repossession, including the Support for Mortgage Interest loan, which is available to help vulnerable homeowners meet their mortgage interest costs; and protection in the courts through the Pre-Action Protocol, which makes it clear that repossession must always be the last resort for lenders.</p><p> </p><p>The Financial Conduct Authority (FCA) also has rules in place to protect existing borrowers who find themselves unable to remortgage. The rules prevent lenders from taking advantage of the customer’s situation, or treating them less favourably than other similar customers, including by offering less favourable interest rates or other terms.</p><p> </p><p>In addition, the FCA has put in place exemptions, which allow lenders to waive affordability requirements for existing customers that are remortgaging but not increasing the size of their debt. This means that all borrowers should be able to access remortgage products at competitive rates from their existing lender.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 16/07/2018 16:53:34 answering member 4051 label Biography information for John Glen
	tabling member	4138 label Biography information for Rushanara Ali