The buy now, pay later industry is set for a £3bn clampdown as firms like Klarna and Zilch enter the guardrails of the City watchdog.
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Buy now, pay later rules changing today with new affordability checks
What do new ‘buy now, pay later’ protections mean for you?
New 'affordability checks' for Buy Now Pay Later users from July 15
Consumers turn to buy now, pay later for essential expenses — with growing risks
Paying for £150 of make-up with Klarna started my addiction to debt
BNPL lenders such as Klarna and Clearpay will fall under the Financial Conduct Authority’s (FCA) regulation for the first time
Buy now, pay later allows people to spread the cost of purchases, normally interest-free, over a set period of time
From July 15, Buy Now Pay Later (BNPL) products will be subject to a new regulatory regime.
Millions of shoppers who use lenders are set to benefit from new rules this month
Treasury says shoppers will get a ‘fairer deal’ as new rules for BNPL credit are introduced on Wednesday
It’s often argued that government regulation can hamper innovation, growth and competition. However, new regulations on Buy Now,…
