\r\n
The Treasury Committee will hear from the Financial Conduct Authority (FCA) on key consumer issues.
","secondaryDescription":"MPs will hear from the FCA’s Chief Executive Nikhil Rathi, Chair Ashley Alder and Deputy Chief Executive Sarah Pritchard, with a focus on the consumer pillar of the FCAs Strategy around helping consumers navigate their financial lives.
\r\nTopics are likely to range from the regulator’s motor finance redress scheme to the potential impact of implementing to Buy Now Pay Later regulation.
\r\nIn addition, with a recent review revealing that 1 in 5 consumers are already willing to delegate financial decision making to AI, MPs could explore the role AI might play in reshaping financial services.
\r\nIn this wide-ranging session, the Committee may also consider the FCA’s role in shaping the mortgage market and upcoming changes to ISAs. Questions are also likely to cover the potential impact of reforms to the Financial Ombudsman Service.
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