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Buy now, regulate now: new rules for consumer credit providers

Financial Services

Leanne Gaffney-Berkeley

The UK government’s willingness to accept the Financial Conduct Authority’s recommendation to pass new laws to regulate the Buy Now Pay Later (BNPL) market indicates growing political concern about household finances amid the pandemic, and a willingness to regulate if necessary. Irrespective of how the government decides to regulate, the measures signal a move towards a…

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