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Written question asked by Baroness Altmann (Conservative) on Monday, 26 April 2021, in the House of Lords. It was due for an answer on Tuesday, 11 May 2021. It was answered by Lord Agnew of Oulton (Conservative) on Thursday, 29 April 2021 on behalf of the Treasury.


Credit: Regulation

Question

To ask Her Majesty's Government what steps they are taking to ensure that future regulation of ‘buy now, pay later’ products sufficiently protects consumers.

Answer

The Government will legislate in a proportionate way to counter the detriment that customers could face as use of Buy Now Pay Later products grows. The Government is engaging stakeholders and will publicly consult to gather views as it develops its approach.


Secondary information

Type
Written question
Reference
HL15239
Session
2019-21
Subjects
Consumers Credit Protection Regulation
Link
View this Written question on www.parliament.uk