We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Snug Sofas - not getting my sofa or a refund!
Comments
-
https://www.which.co.uk/news/article/buy-now-pay-later-regulation-6-things-you-need-to-know-about-the-plans-aZOTN1O0VSoMstitchmaker85 said:This is direct from the Government Website:"Offering credit to consumers: the law
You must be authorised by the Financial Conduct Authority (FCA) to offer credit to consumers"
So how are DivideBuy getting around this? They are a UK registered company, I'm so confused.
Because the regulations have not been changed as yet. Governments move very slowly
>>Unfortunately, these plans will take a while to kick in - the government says draft legislation will be published towards the end of the year, followed by secondary legislation by mid-2023, after which the FCA will run a consultation.<<
So might be looking at 2024 or 25 before anything gets passed into law.Life in the slow lane0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards