McFall, who is MP for West Dunbartonshire and has been chairman of the TSC since 2001, was awarded the title for his role in improving financial services for consumers.
In December 2009, McFall joined with Which? and politicians David Davis and Vince Cable to form the Future of Banking Commission, which aims to put the needs of ordinary people and wider society at the heart of a reformed banking system.
Which? chief executive Peter Vicary-Smith says: “Under John’s stewardship, the Treasury Select Committee has played an important role in holding banks to account over the financial crisis. In our view, this makes him a worthy winner of the Consumer Champion award for 2009.”
McFall adds: “I’m greatly honoured to be receiving this award, and my thanks go out to the members and staff of the Treasury Select Committee who have supported me in my work.
“This year has been dominated by the banking crisis, which has hit the ordinary person hard. It is crucial that we ensure that trust and confidence in the banking sector is restored. This can only be done by engaging with the public, and I will strive to continue along with Which? to see a fair deal is achieved for consumers.”