Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether (a) he and (b) the Financial Conduct Authority plan to investigate the potential mis-selling of debt waiver or debt freeze products by other banks similar to those produced by Vanquis Bank.

This is an operational matter for the Financial Conduct Authority (FCA) as the regulator of consumer credit, who are operationally independent from Government. The questions have been passed on to the FCA.

For legal and public interest reasons, the FCA do not generally disclose publicly whether or not they are taking action against a regulated firm, an insurer or an individual person.

The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.