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Evening Standard
Evening Standard
Vicky Shaw

THE TRUTH ABOUT: Ways to avoid buy now pay later problems highlighted by charity - The Untold Story

StepChange Debt Charity BNPL StepChange
StepChange Debt Charity has suggested some ways that borrowers can avoid problems with buy now, pay later products (picture posed by model/Dominic Lipinski/PA) - (PA Archive)

Buy now, pay later firms are set to come under the scope of the Financial Conduct Authority, with proposals outlined by the regulator on Friday for the rules they will need to follow.

The new regime is due to get under way from July 15 next year, with new protections for BNPL borrowers to give them more transparency and certainty.

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