What is the fate of unregulated BNPLs amid global crackdowns?

Buy-now-pay-later firms will be clamped down on, and consumers will benefit from stronger protection, as the UK government launched long-awaited regulations for the sector. Under the new proposals, the Financial Conduct Authority would regulate buy now, pay later (BNPL) products, and the Financial Ombudsman would review complaints by consumers. According to the Guardian, The rules […]