Payments & Fintech #buy now pay later#bnpl
BNPL Rules Bring Refunds and Rejections as FCA Regulation Takes Effect
New Financial Conduct Authority rules effective from Wednesday require Buy Now Pay Later lenders to be authorised, giving shoppers stronger refund rights and access to the Financial Ombudsman Service. However, instant affordability checks on each transaction may reject 10% to 30% of users, according to Fair4All Finance, raising concerns about pushing consumers toward unregulated alternatives.
Jul 14, 2026 1 source