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802419

registered interest
date	06/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how they will monitor the voluntary agreement by lenders not to give automatic credit limit increases to consumers.
tabling member printed	The Lord Bishop of St Albans
uin	HL3952
answer	answer is ministerial correction date of answer 14/12/2017 answer text <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> answering member printed Lord Bates question first answered 14/12/2017 15:05:41 answering member 1091 label Biography information for Lord Bates
tabling member	4308 label Biography information for The Lord Bishop of St Albans

758399

registered interest
date	06/09/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Debts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they intend to take to offer individuals relief from persistent debt; and whether they intend to introduce a statutory breathing space scheme.
tabling member printed	The Lord Bishop of St Albans
uin	HL1403
answer	answer is ministerial correction date of answer 18/09/2017 answer text <p>The government is committed to supporting all those affected by problem debt, and has a range of measures in place.</p><p> </p><p>The Financial Conduct Authority (FCA) regulates the consumer credit market, and has introduced binding rules to strengthen consumer protection. They are based on the principle that money should only be lent to a consumer if they can afford to repay it; lenders must show forbearance if there is evidence of financial difficulty.</p><p> </p><p>The FCA also capped the cost of payday loans. As part of a review of this price cap, the FCA will examine the high-cost credit market more broadly (such as rent-to-own), and consider whether further interventions are necessary to address the risk of consumer harm.</p><p> </p><p>The Money Advice Service (MAS), which was set up by the government, coordinates the provision of free-to-client debt advice. In 2016/17, MAS spent just under £49 million on its debt advice work, directing around 90% of this to fund frontline services. This led to more than 440,000 free-to-client debt advice sessions being delivered face-to-face, over the phone and online across the UK.</p><p> </p><p>In the Queen’s Speech, the government announced the Financial Guidance and Claims Bill. This will legislate to restructure the financial guidance landscape and bring debt advice, money guidance, and pensions guidance together in a single body, and give consumers better access to the financial information they need. This Bill is currently going through Parliament.</p><p> </p> answering member printed Lord Bates question first answered 18/09/2017 11:49:14 answering member 1091 label Biography information for Lord Bates
tabling member	4308 label Biography information for The Lord Bishop of St Albans

758400

registered interest
date	06/09/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit Cards
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to introduce measures to prevent the automatic increase of credit card limits.
tabling member printed	The Lord Bishop of St Albans
uin	HL1404
answer	answer is ministerial correction date of answer 18/09/2017 answer text <p>The regulation of consumer credit including credit cards is a matter for the Financial Conduct Authority.</p><p> </p><p>Last year, the Financial Conduct Authority (FCA) published the results of its Credit Card Market Study. As a result of this study, the FCA has taken action to tackle persistent debt in the credit card market. As part of this, the industry has also developed a voluntary agreement to give greater control to customers and to restrict offers of 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> answering member printed Lord Bates question first answered 18/09/2017 11:49:48 answering member 1091 label Biography information for Lord Bates
tabling member	4308 label Biography information for The Lord Bishop of St Albans

448828

registered interest
date	28/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Gaming Machines
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how much tax revenue they have collected directly from fixed-odds betting terminals in each of the years from 2010–11 to 2014–15 inclusive.
tabling member printed	The Lord Bishop of St Albans
uin	HL5608
answer	answer is ministerial correction date of answer 02/02/2016 answer text <p>Total Machine Games Duty (MGD) receipts for the years ending 31 March 2015 and 2014 were £562 million and £502 million. Total Amusement Machine Licence Duty receipts for the years ending 31 March 2013, 2012 and 2011 were £151 million £219 million and £219 million.</p><p> </p><p>Receipts from fixed odds betting terminals are not separately identified in the figures published in HMRC’s Tax &amp; Duty bulletin.</p> answering member printed Lord O'Neill of Gatley question first answered 02/02/2016 16:16:06 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	4308 label Biography information for The Lord Bishop of St Albans

49815

registered interest
date	06/05/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government which organisations have been involved in the consultation by the Financial Conduct Authority on the new rules for consumer credit adverts; and when the findings will be published.
tabling member printed	The Lord Bishop of St Albans
uin	HL6830
answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply directly to the Right Reverend Prelate by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Deighton question first answered 13/05/2014 12:00:00 answering member 4262 label Biography information for Lord Deighton
tabling member	4308 label Biography information for The Lord Bishop of St Albans