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Evening Standard
Evening Standard
Business
Simon Hunt

Buy now, pay later businesses face clampdown under new government rules

Taxpayers claiming rebates via third parties will have stronger protections under a shake-up to the way repayment agents can operate (Dominic Lipinski/PA)

(Picture: PA Wire)

Buy now, pay later businesses face a clampdown under new draft regulations published by the government today.

Under new rules set out in a Treasury consultation paper today, providers will have to give consumers key information about their loans and issue credit that is genuinely affordable as part of a bid to to protect at least ten million consumers from the risk of exposure to financial harm.

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