United Kingdom · Question · Written question
UIN 906085
Credit
Introduced
15 September 2020
Last action
15 September 2020 · Answer
Status
Answered
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Subjects
Discovery layer
Source updated
15 September 2020
Summary
What steps his Department is taking to help ensure that buy now pay later lenders comply with guidance set out by the (a) Financial Conduct Authority and (b) Advertising Standards Agency.
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Timeline
15 September 2020
Written question
What steps his Department is taking to help ensure that buy now pay later lenders comply with guidance set out by the (a) Financial Conduct Authority and (b) Advertising Standards Agency.
Source: Commons
15 September 2020
Answer
Where a buy now pay later lender is offering a regulated credit agreement, it must be authorised and regulated by the Financial Conduct Authority. Where an authorised firm breaches FCA rules and guidance, the FCA is able to take action against them. Where...
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/2020-09-15/906085
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1234273
- uk · wq-1234273 · source updated 15 September 2020