United Kingdom · Question · Written question
UIN 184077
Credit
Introduced
9 May 2023
Last action
17 May 2023 · Answer
Status
Answered
Sponsors
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Subjects
Discovery layer
Source updated
17 May 2023
Summary
To ask the Chancellor of the Exchequer, what comparative assessment he has made of the potential adequacy of fixed Buy Now Pay Later credit products compared to open credit arrangements.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
9 May 2023
Written question
To ask the Chancellor of the Exchequer, what comparative assessment he has made of the potential adequacy of fixed Buy Now Pay Later credit products compared to open credit arrangements.
Source: Commons
17 May 2023
Answer
The Government is working to bring currently unregulated fixed-sum Buy-Now Pay-Later (BNPL) agreements into regulation in a proportionate way. This recognises that, when appropriately used, BNPL products are lower-risk than interest bearing credit product...
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/2023-05-09/184077
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1626139
- uk · wq-1626139 · source updated 17 May 2023