Credit and Debt Collection
Commons · Question 85655 · Tabled 27 Oct 2025 · Treasury · Official record
Answered 4 Nov 2025
Question
Asked by Gregory Stafford
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of regulatory oversight of debt purchasing companies in ensuring that credit reference data is updated promptly following the completion of an Individual Voluntary Arrang
Answer
Answered by Lucy Rigby, 4 Nov 2025
The Financial Conduct Authority (FCA) is responsible for the regulation of firms carrying out debt purchasing activities in respect to credit or consumer hire agreements. The FCA expects that these firms treat customers fairly, including those in vulnerab...