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.

Showing: All
News
Newsletter
Whitepaper

Showing:

Get clarity on your financial promotions

With support from PPL's compliance experts, you are provided with absolute clarity on the status of your financial promotions. But how?

Plans have been agreed to modernise consumer credit laws

Plans have been agreed to modernise consumer credit laws, cutting costs for businesses and simplifying rules for consumers

FCA warns of buy now pay later usage amid cost of living crunch

FCA warns of buy now pay later usage amid cost of living crunch.

HM Treasury’s proposals for BNPL

HM Treasury has published its response to last November’s consultation on bringing Buy-Now-Pay-Later businesses within scope of regulation from the Financial Conduct Authority (FCA).

FCA bolsters its leadership team.

The Financial Conduct Authority (FCA) has appointed six directors as it expands its headcount to meet a growing remit and to achieve its new ambitious strategy.

Consumers struggling with rising prices urged to seek help

New research suggests that millions of borrowers are missing out on the support available to them. A study led by the FCA and MoneyHelper has revealed a multitude of reasons that consumers are not reaching out in times of struggle.