Written Question·Treasury·UIN 44966
Credit: Regulation
Tabled: 8 April 2025
Answered: 23 April 2025
Named DayQuestion
Ms Stella Creasy
Labour (Co-op) — Walthamstow
To ask the Chancellor of the Exchequer, when she plans to bring forward legislative proposals to increase the regulation of buy-now pay-later lenders; and what estimate she has made of when that legislation will take effect.
Answer
Emma ReynoldsAcross the UK, millions have used Buy-Now, Pay-Later (BNPL) products, which can be a helpful way of managing finances from month to month. However, without regulation, there are risks: that is why the government believes consumers need proper protections....
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