Payment developments: BNPL regulation and consumer purchaser protections
The Government has published its long-awaited consultation on the regulation of buy-now pay-later (BNPL), following the Woolard Review earlier this year. In summary, the Government says it is committed to introducing balanced and proportionate regulation of BNPL. The consultation, which is open until 6 January 2022, seeks views to inform final decisions about how that regulation should take shape.