Financial Services and Markets Bill [HL] appears here as a parliamentary thread from the Grand Committee on 24 Jun 2026, with 15 speakers contributing 58 speeches.

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Peers questioned whether the Financial Services and Markets Bill gives ministers and the FCA too much power to rewrite consumer credit and banking rules, despite Government assurances that Section 75 protections will remain; opponents plan to return to the issue at Report stage, with safeguards still unresolved before the Richard Lloyd review reports in October.

The Government said an access to banking review will report after a consultation open until July, with powers in the Financial Services and Markets Bill to act on its recommendations, as peers warned that older people, disabled customers, rural communities and small businesses are being left without reliable human support.