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1194706
registered interest false more like this
date less than 2020-05-11more like thismore than 2020-05-11
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on the support and protection given to people living with cancer by the financial services sector. more like this
tabling member constituency Airdrie and Shotts more like this
tabling member printed
Neil Gray more like this
uin 45243 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-05-18more like thismore than 2020-05-18
answer text <p>The Government is committed to doing whatever it takes to get our nation through this crisis and that includes supporting the most vulnerable in our society. To this end, the Government continues to work closely with financial services regulators as part of the economic response.</p><p> </p><p>The Financial Conduct Authority (FCA) has introduced measures supporting consumers in financial difficulty at this time, and require firms to prioritise vulnerable consumers, including those with poor health.</p><p> </p><p>In response, firms across the financial services sector have announced a range of measures to support vulnerable customers and the Government is working with the FCA to ensure there is continued support. For example, many firms have methods for trusted third-parties to access cash for vulnerable/self-isolating people, as well as setting up dedicated phone lines to support them.</p><p> </p><p>Since the COVID-19 crisis has developed, the Government has also worked closely with the FCA on the introduction of payment deferral periods to provide support to consumers who are facing temporary cash flow problems as a result of the COVID-19 outbreak.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN
45241 more like this
45242 more like this
question first answered
less than 2020-05-18T11:56:16.517Zmore like thismore than 2020-05-18T11:56:16.517Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4365
label Biography information for Neil Gray more like this