According to a survey commissioned by the Centre for Financial Capability, demand for buy now, pay later deals has surged among all age groups in the UK.
“The fact that people of all ages are turning to buy now, pay later as they are struggling to meet payments due to rising inflation shows the need for urgent regulation of these schemes,” said Jane Goodland, trustee of the Centre for Financial Capability.
With an increasing number of retailers offering consumer credit products to sell their goods and services, our outsourced compliance services aim to improve our clients' and our Appointed Representatives' regulatory health.
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