Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to review the Consumer Credit Act 1974.

The Government is committed to ensuring consumer credit regulation provides high-standards of consumer protection but also fit-for-purpose and proportionate. We recognise that the current regulatory framework for consumer credit is built around a dated model of regulation, established by the Consumer Credit Act 1974 (CCA). The government therefore continues to keep the case for changes to improve the effectiveness of consumer credit regulation under close review.