Government releases consultation response on Buy Now, Pay Later

Industry News | 22/06/22

This week, HM Treasury released its response to the buy now, pay later consultation and set out the government’s proposals for regulation of the sector. The proposals include implications for lenders in respect of FCA authorisation, affordability and financial promotions as well as, consumers being able to access the services of FOS. The government aims to consult on draft legislation towards the end of the year.

Source: GOV.UK