

By Elizabeth Piper and Huw Jones
LONDON (Reuters) -Britain plans to make "buy now, pay later" (BNPL) companies carry out affordability checks, gain approval by the Financial Conduct Authority (FCA) and ensure adverts are fair and clear, the government said on Monday, in measures to regulate the sector.
BNPL businesses, which are unregulated, typically offer interest-free short-term loans that spread payments for retail goods such as clothing and have, according to the government, rapidly increased in popularity.
"Buy-now, pay-later can be a helpful way to manage your finances but we need to ensure that people can embrace new products and services with the appropriate protections in place," said John Glen, economic secretary to the finance ministry.
The government said it would publish a consultation on draft legislation towards the end of this year and would then lay secondary legislation, used to fill in the details of Acts, by mid-2023. After that, the FCA would consult on its rules for the sector, it added.
Martin Lewis, founder of consumer campaign group MoneySavingExpert.com, said progress to ensure proper checks has been "painfully slow".
"Buy now, pay later is often insidiously marketed as a simple payment option ... It's not. It's a debt," Lewis said.
The FCA in February told BNPL operators Clearpay, Klarna, Laybuy and Openpay to change their contracts after identifying potential harm to customers. It had to use Britain's consumer rights law.
BNPL companies charge online retailers a fee for each transaction
Laybuy co-founder Gary Rohloff said the company has always favoured proportionate rules that reflect the low risk of BNPL and that it is supportive of the government's approach.
The BNPL business model emerged in times of very low interest rates, but the prospect of sustained increases to interest rates could spell trouble for the sector.
Britain last week said that it will update its decades-old consumer credit law https://www.gov.uk/government/news/uk-commits-to-reform-of-the-consumer-credit-act?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=e6a7d4d4-1a94-420e-8e2c-28a7c6e07341&utm_content=immediately to simplify rules and cut costs, with a public consultation due by the end of the year.
EUR/USD
1.0584
+0.0001 (+0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
EUR/USD
1.0584
+0.0001 (+0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
GBP/USD
1.2264
0.0000 (0.00%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
USD/JPY
135.88
+0.44 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
AUD/USD
0.6949
+0.0027 (+0.38%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (8)
USD/CAD
1.2830
-0.0048 (-0.37%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
EUR/JPY
143.81
+0.48 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (8)
Sell (2)
EUR/CHF
1.0101
-0.0014 (-0.13%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Gold Futures
1,827.15
+2.35 (+0.13%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (11)
Silver Futures
21.335
+0.148 (+0.70%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (7)
Copper Futures
3.8333
+0.0673 (+1.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Crude Oil WTI Futures
111.06
+1.49 (+1.36%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (4)
Brent Oil Futures
112.64
+1.66 (+1.50%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (4)
Natural Gas Futures
6.537
-0.009 (-0.14%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (0)
Sell (9)
US Coffee C Futures
223.78
+1.68 (+0.76%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (6)
Euro Stoxx 50
3,565.65
+26.77 (+0.76%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (7)
S&P 500
3,900.11
-11.63 (-0.30%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (2)
DAX
13,273.88
+87.81 (+0.67%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (7)
FTSE 100
7,335.25
+76.93 (+1.06%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Hang Seng
22,418.97
+189.45 (+0.85%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
US Small Cap 2000
1,772.68
+6.95 (+0.39%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (3)
IBEX 35
8,340.27
+97.67 (+1.18%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (8)
BASF SE NA O.N.
43.440
+0.630 (+1.47%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
Bayer AG NA
59.96
+0.56 (+0.94%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Allianz SE VNA O.N.
183.84
+2.80 (+1.55%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Adidas AG
172.04
+0.16 (+0.09%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (4)
Deutsche Lufthansa AG
6.110
+0.128 (+2.14%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
Siemens AG Class N
104.90
+0.76 (+0.73%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (10)
Deutsche Bank AG
8.986
+0.096 (+1.08%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (8)
EUR/USD | 1.0584 | ↑ Sell | |||
GBP/USD | 1.2264 | ↑ Sell | |||
USD/JPY | 135.88 | ↑ Buy | |||
AUD/USD | 0.6949 | ↑ Sell | |||
USD/CAD | 1.2830 | ↑ Buy | |||
EUR/JPY | 143.81 | ↑ Buy | |||
EUR/CHF | 1.0101 | ↑ Sell |
Gold | 1,827.15 | ↑ Sell | |||
Silver | 21.335 | Neutral | |||
Copper | 3.8333 | ↑ Buy | |||
Crude Oil WTI | 111.06 | Neutral | |||
Brent Oil | 112.64 | Neutral | |||
Natural Gas | 6.537 | Neutral | |||
US Coffee C | 223.78 | Sell |
Euro Stoxx 50 | 3,565.65 | ↑ Sell | |||
S&P 500 | 3,900.11 | ↑ Buy | |||
DAX | 13,273.88 | ↑ Sell | |||
FTSE 100 | 7,335.25 | ↑ Sell | |||
Hang Seng | 22,418.97 | ↑ Buy | |||
Small Cap 2000 | 1,772.68 | ↑ Buy | |||
IBEX 35 | 8,340.27 | ↑ Sell |
BASF | 43.440 | ↑ Buy | |||
Bayer | 59.96 | ↑ Buy | |||
Allianz | 183.84 | ↑ Buy | |||
Adidas | 172.04 | Neutral | |||
Lufthansa | 6.110 | ↑ Sell | |||
Siemens AG | 104.90 | ↑ Sell | |||
Deutsche Bank AG | 8.986 | Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,780![]() ![]() (5 ![]() ![]() |
SJC HCM | 6,805![]() ![]() (15 ![]() ![]() |
SJC Hanoi | 6,805![]() ![]() (15 ![]() ![]() |
SJC Danang | 6,805![]() ![]() (15 ![]() ![]() |
SJC Nhatrang | 6,805![]() ![]() (15 ![]() ![]() |
SJC Cantho | 6,805![]() ![]() (15 ![]() ![]() |
Cập nhật 28-06-2022 16:37:26 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,826.28 | +2.77 | 0.15% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 33.470 | 34.130 |
RON 95-III | 32.870 | 33.520 |
E5 RON 92-II | 31.300 | 31.920 |
DO 0.05S | 30.010 | 30.610 |
DO 0,001S-V | 30.810 | 31.420 |
Dầu hỏa 2-K | 28.780 | 29.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $109.69 | -0.78 | -0.71% |
Brent | $112.37 | -1.18 | -1.06% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.080,00 | 23.390,00 |
EUR | 23.955,27 | 25.297,05 |
GBP | 27.794,91 | 28.980,57 |
JPY | 166,79 | 176,58 |
KRW | 15,64 | 19,06 |
Cập nhật lúc 16:31:05 28/06/2022 Xem bảng tỷ giá hối đoái |