United Kingdom · Question · Written question
UIN 125129
Credit
Introduced
18 February 2022
Last action
28 February 2022 · Answer
Status
Answered
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—
Subjects
Discovery layer
Source updated
28 February 2022
Summary
To ask the Chancellor of the Exchequer, what plans his Department has to create a definition of buy now, pay later in statute; and whether he has made an assessment of the potential impact of establishing that definition.
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Timeline
18 February 2022
Written question
To ask the Chancellor of the Exchequer, what plans his Department has to create a definition of buy now, pay later in statute; and whether he has made an assessment of the potential impact of establishing that definition.
Source: Commons
28 February 2022
Answer
The Woolard Review into the unsecured credit market found several potential risks of consumer detriment from interest-free Buy-Now Pay-Later (BNPL) products. The Government recognises those risks, but also notes that as an interest-free product, BNPL can ...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-02-18/125129
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1422628
- uk · wq-1422628 · source updated 28 February 2022