COMMONS

Payday Loan Companies

Status: Concluded 

Report and Government Response published

The Business, Innovation and Skills Committee holds a one-off evidence session on the regulation of pay-day loan companies, following up on some of the issues raised in the Committee’s 2012 Report on Debt Management (PDF, 2.46 MB). The Committee questioned representatives of payday loan companies, the regulatory and consumer advice bodies, as well as the Financial Conduct Authority who will take over as the new regulator for consumer credit, in April 2014.

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    Glossary

    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
    • Responses to Reports - Responses may be published as a Special Report, or as a Command Paper. They may also be appended to a Report should the Committee have substantial comments on the Response, in which case they can be found listed under Reports. 
    • Other oral and written evidence - Evidence taken by the Committee that has yet to or did not result in the publication of a Report. This includes transcripts of recent meetings.
    • Estimate Memoranda - An Estimate memorandum is an explanatory note that accompanies a government department’s estimate (a means by which a department seeks authority from Parliament for its spending plans).
    • Correspondence - Correspondence sent from or received by the Committee or its Chair.