Key changes for Buy Now, Pay Later rules confirmed and the date it comes into force
Briefly

Key changes for Buy Now, Pay Later rules confirmed  and the date it comes into force
"Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story."
"The long-awaited buy now, pay later (BNPL) rules will come into force from 15 July 2026, the Financial Conduct Authority (FCA) has announced. From then on, borrowers who use services like Klarna, Clearpay and PayPal's Pay in 3' option will benefit from stronger protection. BNPL allows users to split their payments into interest-free instalments. However, borrowers currently have very limited protection as the sector is not yet regulated by the FCA. The government first announced that it would regulate BNPL back in January 2021."
The Independent deploys reporters across major US stories including reproductive rights, climate change, and Big Tech, producing investigations and documentaries while avoiding paywalls. Donations fund on-the-ground journalism and allow reporters to present both sides of stories. The outlet positions itself as trusted across the political spectrum and finances free access through contributions from supporters. The Financial Conduct Authority will implement buy now, pay later regulation from 15 July 2026. New rules will require affordability checks, financial hardship support, clearer borrower information, eligibility restricted to FCA-authorised lenders, and access to the Financial Ombudsman Service.
Read at www.independent.co.uk
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