Dutch MP hails CRUKS as blueprint to tackling consumer debt

by SBC News
2 minutes read
The Dutch government is facing calls to enter discussions with the financial sector for the development of a consumer credit self-exclusion system similar to the CRUKS registry.

Media outlet Casinonieuws reported that Don Ceder, a Dutch MP from the ChristenUnie party, put forward a motion in which he praised the effectiveness of the Central Register for Exclusion from Gambling (CRUKS).

In his statement, Ceder argued that the model could potentially find success by being translated into other fields dealing with consumer finances as well, specifically the credit, loans and instalment payments (BNPL) sector.

BNPL in particular has gained widespread popularity across Europe in recent years, essentially serving as a small scale consumer credit that allows for everyday goods to be purchased and then paid over a certain period of time – with the relevant BNPL lender company acting as a borrower.

Klarna, a Sweden-based fintech company, is widely believed to be the trendsetter and main ac..

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