UK Government Unveils Long-Awaited Regulation of Buy Now, Pay Later

The UK Government has formally announced the long-awaited legislation to regulate the Buy Now, Pay Later (BNPL) market, following sustained concerns over unchecked growth, consumer harm, and rising debt levels.

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FCA Dear CEO letter – FCA strategy for firms providing high-cost lending products

The FCA has set out an updated view on the key risks of harm that high-cost lending firms pose to their customers and the markets in which they operate.

FCA Dear CEO Letter - General Insurance

FCA expectations of general insurance firms

All signs point to increased US regulation of Buy Now, Pay Later

Driven by an increase in online and mobile app shopping during the COVID-19 pandemic, we have witnessed the explosion of the BNPL market.

FCA backlog for pending authorisations has reduced by 40% in the last year.

The FCA backlog for pending authorisations has reduced by 40% in the last year.

How can compliance support a firm and its customers through the cost-of-living crisis?

At times of economic crisis, those with lower financial resilience are almost always hit the hardest. As a result, the Financial Conduct Authority (FCA) and other regulators expect that firms will treat customers fairly, especially those who are finding themselves in vulnerable circumstances due to the current climate.

Our new Principal AR Inspection Program

We're proud to be the BVRLA's national inspector for over 1,000 motor finance companies and dealerships across the UK. We carry out the BVRLA's Leasing Broker, Principal & Appointed Representative inspection programs.