Overview

• The FCA’s consultation on regulating buy now, pay later closes on September 26, 2025, paving the way for full oversight from July 15, 2026.
• Providers will face mandatory affordability checks on every transaction to replace vague soft-check practices and prevent unaffordable borrowing.
• Section 75 protections will extend to BNPL purchases between £100 and £30,000, bringing them in line with credit card safeguards.
• Consumers will gain the right to lodge complaints with the ncial OmbuOmbudsman Service, receive clearer risk information and be promptly notified if they miss repayments.
• With around one in five UK adults using unregulated BNPL, the FCA estimates the reforms could leave consumers £1.8 billion better off over the next decade.