questionText: To ask the Chancellor of the Exchequer, if he will make an assessment of the implications for his policies of the (a) repayment terms and (b) enforcement action borrowers are subject to when in arrears with buy-now-pay-later products.
answerText: The Financial Conduct Authority’s (FCA) rules require firms offering regulated credit products to offer forbearance to customers who are in arrears with their repayments. Firms can meet these requirements by suspending, reducing, waiving, or cancelling an...
heading: Credit