Financial Services Bill gains Royal Assent

Industry News | 04/05/21

The Financial Services Bill has received Royal Assent and is now law.

Measures in the new Financial Services Act include:

• bringing interest-free buy-now-pay-later products into regulation;
• improving access to cash by making it easier for retailers of all sizes to offer cashback without a purchase;
• requiring the FCA to consider a new consumer duty – or duty of care.

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