Regulation of Buy Now Pay Later services “threatens competition and innovation”
Christopher Snowdon writes for CapX
Professor Len Shackleton writes for CapX
Victoria Hewson quoted in the Financial Times
Reacting to the news, Victoria Hewson Head of Regulatory Affairs at the IEA said: “Extending new barriers to BNPL providers threatens competition and innovation, and could deprive consumers and merchants of this useful service altogether.”
Victoria Hewson also warned that heavy handed regulation could “leave only the relatively affluent able to readily access lawful credit.”
Read the full article here.