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?