John Glen – 2021 Comments on Buy Now Pay Later Schemes

The comments made by John Glen, the Economic Secretary to the Treasury, on 2 February 2021.

Buy-now-pay-later can be a helpful way to manage your finances but it’s important that consumers are protected as these agreements become more popular. By stepping in and regulating, we’re making sure people are treated fairly and only offered agreements they can afford – the same protections you’d expect with other loans.