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<p>Regulation of the consumer credit, including credit cards, is a matter for the
Financial Conduct Association (FCA). The FCA has carried out an extensive credit card
market study which identified concerns about persistent credit card debt. The FCA’s
proposed measures to tackle persistent debt include a voluntary industry agreement
to restrict unsolicited credit limit increases.</p><p> </p><p>We have passed the Lord
Bishop’s question on to the FCA, who will reply directly to him by letter. A copy
of the letter will be placed in the Library of the House.</p>
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