Written Question·Treasury·UIN 609
Credit: Regulation
Tabled: 18 July 2024
Answered: 23 July 2024
Named DayQuestion
Ms Stella Creasy
Labour (Co-op) — Walthamstow
To ask the Chancellor of the Exchequer, what her planned timetable is for regulating buy now pay later high cost credit providers; and if she will ensure that such regulation ensures consumers are able to access the financial ombudsman for redress for tha
Answer
Tulip SiddiqRegulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the sector. The government will be looking to work closely with all interested stakeholders and will set out its plans shortly.