fintech / news / / Financial Conduct Authority
Buy Now Pay Later (BNPL) borrowers will benefit from stronger protections from 15 July 2026.
Buy Now Pay Later will be regulated by the FCA starting 15 July 2026.
KEY POINTS
- Lenders must conduct affordability checks before offering Buy Now Pay Later credit.
- Consumers will gain the right to complain to the Financial Ombudsman Service for BNPL issues.
- Suppliers providing their own credit ('merchant own credit') will remain exempt from this regulation.
- BNPL firms can register for a temporary permissions regime between 15 May and 1 July 2026.
COMPANIES
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