UK’s FCA confirms new protections for BNPL borrowers

The UK’s Financial Conduct Authority (FCA) has confirmed the start date for new rules covering buy now, pay later (BNPL) products. In a release posted to its website this week, the regulator states: “BNPL borrowers will benefit from stronger protections from 15 July 2026, following the Government’s decision to bring the sector under the FCA’s regulation.” The release continues: “BNPL provides an important source of credit for many, but there are no protections in place currently for those who use it repeatedly and may not be able to afford it. The aim of the new regulation is to help consumers navigate their financial lives, with appropriate support for consumers.”