Interest-free buy-now-pay-later credit agreements will be regulated by the Financial Conduct Authority (FCA) in order to protect consumers under plans announced by the government. The main points are as follows:
- Interest-free buy-now-pay-later agreements will be regulated by the Financial Conduct Authority
- Government acts swiftly to protect consumers after review finds potential for harm
- Lenders will be required to carry out affordability checks on customers and ensure the vulnerable are treated fairly
