The Finance & Leasing Association (FLA) has welcomed the regulation of Buy-Now-Pay-Later, which will ensure customers benefit from strong protections and receive clear information at every stage of the customer journey.
The FLA has argued that there should be a level playing field for all consumer credit customers, so everyone is subject to affordability checks, can access support if they get into difficulty and can complain to the Financial Ombudsman if things go wrong.
We have worked closely with the Government and lenders on a regulatory framework which is fair and proportionate – allowing the BNPL market to thrive while also delivering good outcomes for customers.
Notes to Editors
- In 2025, FLA members provided £163 billion of new finance to UK businesses and households, £122 billion was in the form of consumer credit, accounting for almost a third of all new consumer credit written in the UK. £55 billion of it supported the purchase of new and used cars, including over 85% of private new car registrations
- For media enquiries, please contact the FLA press office on 020 7420 9656.
