The future of buy-now-pay-later schemes | Commercial Awareness Compass #36

Buy now pay later has revolutionised online spending, especially for younger shoppers seeking interest-free funding but escaped the checks that govern credit cards and loans. The FCA is closing that gap with proposals for affordability testing on even the smallest purchases, Financial Ombudsman access and lender support obligations. Legal teams will steer clients through authorisation, data-protection challenges and advertising compliance. Explore how regulation will alter the BNPL market and what law firms must do to help clients adapt and prosper.

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