Ms Becky Critchley

Becky Critchley

Updates

Banking & Financial Services

United Kingdom to regulate buy-now-pay-later market
United Kingdom | 23 February 2021

The government has announced that interest-free buy-now-pay-later (BNPL) credit agreements will be regulated by the Financial Conduct Authority. At present, the BNPL market operates under an exemption from regulations for consumer credit lending. The announcement comes as a review of the unsecured credit market unexpectedly urgently recommends regulating all BNPL products.