New regulations for Buy Now, Pay Later (BNPL) services are set to take effect next July, potentially impacting some shoppers' access to these payment options. The regulations aim to provide greater consumer protection within the rapidly growing BNPL sector. Lenders will be required to conduct more thorough credit checks, which could lead to some applications being declined. While the specifics of the regulations are still being finalized, it's expected that lenders will retain some flexibility in their implementation. This move follows growing concerns about the potential for consumers to accumulate debt through BNPL schemes.