Treasury has responded to concerns raised about the extent of the delegated powers the FS Bill allows. The House of Lords Delegated Powers and Regulatory Reform Committee had raised concerns over the unusual breadth of Treasury’s powers relating to transferring consumer credit regulation to the Financial Conduct Authority (FCA). Two amendments to the FS Bill will address the concerns to ensure consumer protection is paramount. (Source: Delegated Powers and Regulatory Reform Committee – 8th Report of Session 2012-13)