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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Consumer Duty Update

With the Consumer Duty now fully in effect, The Financial Conduct Authority (FCA) have introduced a range of proposals to simplify their rules, ease business burdens, and promote growth.

New FCA Portal

The FCA launched its new portal this week, giving firms easier access to their regulatory reporting.

SPOTLIGHT ON OVERSIGHT

Oversight of any regulated firm requires an ‘engine room’ of activity.

SPOTLIGHT ON THE BACK OFFICE

When any firm decides to become FCA regulated, the weight of responsibility in delivering good customer outcomes requires an organised and coordinated team behind the scenes.

Introducing Artemis

Some motor finance firms have received an information request from the FCA relating to motor finance commission arrangements, as part of a wider review.

Celebratory Evening

Celebrations!