Question to the HM Treasury:

To ask Her Majesty's Government, further to the report by the Financial Conduct Authority (FCA) Our work on motor finance—final findings, published on 1 March 2019, and the decision by the FCA announced on 28 July to ban discretionary commission models of car finance, what assessment they have made of whether personal contract purchase finance has been mis-sold; and what plans they have to introduce a compensation scheme for any consumers affected.

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