Plans to Regulate Buy-Now-Pay-Later Products

Interest-free buy-now-pay-later credit agreements will be regulated by the Financial Conduct Authority (FCA) in order to protect consumers under plans announced by the government. The main points are as follows:

  • Interest-free buy-now-pay-later agreements will be regulated by the Financial Conduct Authority
  • Government acts swiftly to protect consumers after review finds potential for harm
  • Lenders will be required to carry out affordability checks on customers and ensure the vulnerable are treated fairly

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