Buy now, Pay later: The journey to regulation in the UK - Episode 3 - Credit Reporting

We are delighted to be joined by Stuart Holland, Director of External Affairs at Equifax in episode three of our Buy Now, Pay Later podcast series to discuss the proposals relating to creditworthiness and credit reporting. We cover what Credit Reporting Agencies (CRAs) do, what credit files are and how these are currently used by lenders and borrowers, HMT’s proposals for credit reporting and creditworthiness checks for Buy Now, Pay Later (BNPL), what role credit reporting and credit files play in helping BNPL providers navigate their regulatory responsibilities regarding creditworthiness, vulnerable customers and avoiding over-indebtedness and the wider implications of the proposals on consumers and lenders and how the data will feed into credit files.