The Central Bank said it is ‘closing a consumer protection gap’. Picture: Fergal Phillips
The Central Bank of Ireland has extended its consumer protection regulations to include buy-now-pay-later firms, meaning these entities must now be regulated by the financial watchdog and are expected to conform to new regulations “at the earliest possible opportunity”. The regulator said it had built upon existing regulatory regimes following the commencement of the Consumer Protection Act 2022 by the Minister of Finance,...