On 9 December 2015 the APPG held a meeting to discuss the Financial Conduct Authority’s credit card market study.
At a well-attended meeting, the Group heard first from Mary Starks, who is Director of Competition at the FCA and responsible for the Study. While she said that the market was working ‘fairly well’ for consumers, she raised concerns over the extent of unaffordable credit card debt. Continue reading
On 14 July 2015 the APPG held a Financial Fair, a drop-in event for MPs and Peers to find out more about organisations helping people to manage their money and deal with financial problems. Guests speakers included Treasury Minister Damian Hinds MP and Martin Lewis, Editor of MoneySavingExpert.com.
On 9 December 2014 the APPG held an oral evidence session of the Group’s inquiry into the Rent to Own sector. MPs heard evidence from: Financial Conduct Authority; BrightHouse, PerfectHome and Buy As You View; Thrive, the Centre for Responsible Credit and RTO social enterprise, FairForYou. Read the full evidence session transcript.
On 24 November 2014 the APPG held a meeting with with The Children’s Society to explore the impact of household debt on children and rally support for amendments to the Consumer Rights Bill that would restrict payday loan advertising targeted at children and introduce a ban on the unsolicited marketing of payday loans.