New ‘buy now, pay later’ affordability checks may cover even smallest loans
by Zoe Wood from on (#6YQM8)
City watchdog publishes details of its plans to regulate the BNPL market, which has now grown to 13bn
Lenders may have to carry out affordability checks on even the smallest buy now, pay later loans under new rules drawn up by the City watchdog.
The Financial Conduct Authority (FCA)on Friday published details of its plan to regulate the 13bn buy now, pay later (BNPL) market.
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