| Heading: |
Foreign Exchange |
| Question ID: |
1795979 |
| UIN: |
HL6669 |
| House: |
Lords |
| Date tabled: |
2025-04-22 |
| Asking Member ID: |
2533 |
| Asking Member display name: |
Lord Birt
|
| Asking Member handle: |
|
| Asking Member Twitter reference: |
Lord Birt
|
| Member interest: |
false |
| Question text: |
To ask His Majesty's Government what plans they have to require foreign currency cash exchange services for consumers to display (1) the live interbank exchange rate, and (2) the commission charged. |
| Is named day: |
false |
| Date of holding answer: |
|
| Date answered: |
2025-04-30 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4559 |
| Answering Member display name: |
Lord Livermore
|
| Answering Member handle: |
|
| Answering Member Twitter reference: |
Lord Livermore
|
| Correcting Member ID: |
|
| Correcting Member display name: |
|
| Correcting Member handle: |
|
| Correcting Member Twitter reference: |
|
| Answer text: |
The Payment Services Regulations 2017 make requirements on UK payment service providers regarding disclosure of fees and charges to the payer where currency conversion is provided as part of a payment transaction. Provisions under the Cross Border Payment... |
| Original answer text: |
|
| Comparable answer text: |
|
| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |