BNPL Regulation is Coming: What It Means for FinTech & Consumers
The UK government has announced new rules to regulate the Buy Now, Pay Later (BNPL) sector, ending what it calls the “Wild West” of unregulated lending. Key takeaways: 🔹 Affordability checks will be mandatory to protect consumers from unsustainable debt. 🔹 Lenders must be FCA-approved, ensuring fair treatment and transparency. 🔹 BNPL ads must be clear & balanced, avoiding…
