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Consumer credit and payments | Regulatory Outlook September 2022
Published on 28th Sep 2022
UK financial watchdog tells firms to review 'buy now, pay later' promotions
UK financial watchdog tells firms to review 'buy now, pay later' promotions
The Financial Conduct Authority (FCA) has addressed a warning to firms offering "buy now, pay later" (BNPL) products. In particular, the UK financial watchdog notes that all financial BNPL promotions must comply with the regulatory requirement even though some of the agreements are not yet regulated. For more on the FCA's letter, read our Insight.
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