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Business, industry and consumers, Economy and finance

MPs take evidence on Payday Loan Companies

5 November 2013

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The Business, Innovation and Skills Committee will be holding a one-off evidence session on Tuesday 5 November 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 will question representatives of payday loan companies, the regulatory and consumer advice bodies, as well as the Financial Conduct Authority who take over as the new regulator for consumer credit, in April 2014.

Witnesses

Tuesday 5 November, Committee Room 8, Palace of Westminster

At 9.15am: 

  • Henry Raine, Head of Regulatory and Public Affairs, Wonga
  • Greg Stevens, Chief Executive, Consumer Credit Trade Association
  • Adam Freeman, Chief Executive Officer, Mr Lender
  • Russell Hamblin-Boone, Chief Executive, Consumer Finance Association
  • Andy Lapointe, UK Public Affairs Manager, QuickQuid

At 10.15am:

  • Gillian Guy, Chief Executive, Citizens Advice
  • Martin Lewis (from moneysavingexpert.com)
  • Peter Tutton, Head of Policy, StepChange
  • Richard Lloyd, Executive Director, Which?

At 11.00am:

  • Jo Swinson MP, Minister for Employment Relations and Consumer Affairs, Department for Business, Innovation and Skills
  • Lesley Titcomb, Chief Operating Officer and Programme Sponsor of Consumer Credit, and Nadege Genetay, Head of Banking, Lending and Protection Policy, Financial Conduct Authority
  • David Fisher, Anti Money Laundering and Consumer Credit, Office of Fair Trading

The session will be open to the public on a first come, first served basis. There is no system for the prior reservation of seats in Committee Rooms. It is advisable to allow about 20 minutes to pass through security checks. Committee Rooms and timings are subject to change.

Further information