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Parliamentary debates and questions

S5W-03665: Pauline McNeill (Glasgow)

Scottish Labour

Date lodged: 11 October 2016

To ask the Scottish Government, in light of the Scottish Centre for Population Health recently suggesting that payday lending as a public health concern, what measures it can take to provide alternatives to the practice.

Answered by: Angela Constance 26 October 2016

The Financial Conduct Authority introduced a price cap on what high-cost short-term credit lenders can charge on 2 January 2015. While recent evidence relating to these changes suggests a reduction in payday lending activity, the Scottish Government remains committed to encouraging the provision of alternatives to high cost lending.