FCA Tightens “Buy Now Pay Later” Policies on Consumer Debt

Britain’s financial watchdog said on Monday it had told four “buy now pay later” firms (“BNPL”) to change their contracts after identifying “potential harms” to consumers. BNPL firms, which are unregulated, typically offer on-the-spot interest-free short-term loans that spread payments … Continue reading FCA Tightens “Buy Now Pay Later” Policies on Consumer Debt