Regulation of buy now pay later

Regulation of buy now pay later
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We responded to the government’s consultation on draft legislation to regulate buy now pay later (BNPL) products.

As set out in our response to the initial consultation, there is clear evidence that unregulated BNPL is causing financial difficulty and encouraging people to get into unaffordable debt.

We believe these proposals are broadly proportionate and support bringing BNPL into regulation as soon as possible.

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