Consumer Goods: Instalment Credit

HM Treasury written question – answered on 2nd December 2015.

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Photo of Yvonne Fovargue Yvonne Fovargue Shadow Minister (Business, Innovation and Skills)

To ask Mr Chancellor of the Exchequer, how many rent-to-own firms have applied to the Financial Conduct Authority for authorisation; and how many such firms have been so authorised.

Photo of Yvonne Fovargue Yvonne Fovargue Shadow Minister (Business, Innovation and Skills)

To ask Mr Chancellor of the Exchequer, what conditions the Financial Conduct Authority has placed on the rent-to-own firms it has authorised in respect of low income users of such firms.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply to directly to the Honourable member by letter. A copy of the letter will be placed in the Library of the House.

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