A new study about the use of buy-now-pay-later (BNPL) services in the UK has prompted calls for the practice to be regulated. Currently, lenders offering the service do not have to be regulated by the FCA, and the UK government appears to be backtracking on commitments to regulate a payment
Concern over use of BNPL ups pressure on UK government to regulate
Increasing use of buy-now-pay-later for essential purchases and widespread misunderstanding of implications and level of protection revealed in new study.