Partner Joanne Owens is delighted to be joined by Stuart Holland, Director of External Affairs at Equifax in episode 3 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
• The wider implications of the proposals on consumers and lenders and how the data will feed into credit files