PARLIAMENTARY WRITTEN QUESTION
Credit: Regulation (18 July 2024)

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 that form of credit.

Asked by:
Ms Stella Creasy (Labour)

Regulating 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.

Answered by:
Tulip Siddiq (Labour)
23 July 2024