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Emeritus Prof Christopher May /
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2023-08-08 07:31:32

Emeritus Prof Christopher May on Nostr: Around 17% of the UK's population have used deferred #credit and/or #BuyNowPayLater ...

Around 17% of the UK's population have used deferred #credit and/or #BuyNowPayLater facilities in the last 12 months.

We know that #BNPL firms are targeting the venerable (including those on #NHS waiting lists), and there is a growing issue of the penalty payments & aggressive recovery strategies used by providers.

But having committed to 'act swiftly' in Feb 2021, #JeremyHunt & the #Treasury still have yet to propose any regulatory action(s) or try to get them into law.

Why might that be?
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