Providers will come under the regulation of the Financial Conduct Authority and customers will have stronger support if something goes wrong.
Swipe for next article
Removed from bookmarks
I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice
The sector is now under the regulation of the Financial Conduct Authority (FCA) and lenders will need to be authorised by the regulator to provide BNPL products.
BNPL firms will also be subject to the Consumer Duty, which requires financial firms to put customers at the heart of what they do, and which is overseen by the FCA.
What do new ‘buy now, pay later’ protections mean for you?
BNPL regulation is proof that industry and regulators can work together successfully
New 'affordability checks' for Buy Now Pay Later users from July 15
Buy now, pay later rules changing today with new affordability checks
A £3bn reckoning that will reshape buy now, pay later
Consumers turn to buy now, pay later for essential expenses — with growing risks
Almost 11 million shoppers used BNPL services in the 12 months to May 2024
Stay up to date with notifications from The IndependentNotifications can be managed in browser…
From July 15, Buy Now Pay Later (BNPL) products will be subject to a new regulatory regime.
BNPL lenders such as Klarna and Clearpay will fall under the Financial Conduct Authority’s (FCA) regulation for the first time
Here is a look at how buy now, pay later works and what changes customers can expect to see.
Treasury says shoppers will get a ‘fairer deal’ as new rules for BNPL credit are introduced on Wednesday
