Singapore has recently instigated two pieces of regulation related to consumer credit—the Buy-Now, Pay-Later Code of Conduct, and the Debt Collection Act 2022. This article discusses the background of these pieces of regulation, considers their similarities and differences, and analyses the benefits and drawbacks of the two approaches. It concludes by highlighting that, whilst they are both well-meaning and have the ability to improve the lives of vulnerable consumers, further work is necessary for the full potential of both regulatory instruments to be realised.