Regulatory AlertsRent-to-own, buy-now pay-later and pawnbroking agreements and coronavirus: updated temporary guidance for firms
The regulator issued updated temporary guidance for firms providing rent-to-own, buy-now pay-later, and pawnbroking services to support consumers affected by the coronavirus pandemic. The document finalizes revised expectations for firms to provide exceptional and immediate payment deferrals, replacing previous guidance with effect from 25 November 2020. To facilitate this support, the regulator proposes disapplying certain rules to ensure the guidance can be effectively implemented.
Share