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Banking & Financial Services

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

United Kingdom - Latham & Watkins LLP

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.

Authors: Stuart Davis, Becky Critchley, Anna Lewis-Martinez
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