Written Question·Treasury·UIN 900939
Credit: Regulation
Tabled: 23 October 2024
Answered: 29 October 2024
Named DayQuestion
Katrina Murray
Labour — Cumbernauld and Kirkintilloch
To ask the Chancellor of the Exchequer, what steps she is taking to help protect consumers using buy-now pay-later products.
Answer
Tulip SiddiqOn 17 October, the government published a consultation on regulating Buy-Now, Pay-Later (BNPL) products and enhancing users’ protections. The proposals will require BNPL firms to conduct affordability checks to prevent unaffordable borrowing and provide c...
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