The FCA’s new BNPL protections The Financial Conduct Authority (FCA) has confirmed a major shift for the Buy Now, Pay Later market, with new protections coming into force on 15 July 2026. These changes will bring currently unregulated BNPL products under the FCA’s supervision, applying the Consumer Duty and raising
Regulatory update – FCA motor finance redress scheme consultation – 8th October 2025 Background The Financial Conduct Authority (FCA) has proposed a redress scheme to address widespread concerns about undisclosed commission arrangements in motor finance agreements. This follows a landmark Supreme Court ruling in August 2025, which clarified that certain
Regulatory Updates – 17 July 2025 In her inaugural Mansion House speech, Chancellor Rachel Reeves set out a bold agenda to reform the UK’s financial regulatory landscape. Addressing City stakeholders, Reeves described current regulatory constraints as a “boot on the neck” of British business, arguing that excessive bureaucracy is impeding innovation and economic
Purpose of the review The UK government initiated a review of the FOS to ensure it remains a simple, impartial, and effective dispute resolution service for complaints against financial services firms. The review addresses concerns that the FOS has, at times, acted as a quasi-regulator, creating uncertainty for firms and
Introduction The UK government has announced the much-awaited plans to regulate Buy-Now, Pay-Later (BNPL) products to ensure consumer protection and market certainty. BNPL allows consumers to split the cost of purchases into regular repayments over a short period, typically interest-free. While BNPL can be a helpful financial tool, consumer groups
HM Treasury has released a consultation paper on reforming the Consumer Credit Act (CCA) provisions, with a long-term policy objective of transferring away from the CCA to FCA regulation. Since the implementation of FCA regulation for the consumer credit market in 2014, the Consumer Credit Act 1974 has increasingly been
