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Britain sets out legislation to regulate buy-now-pay-later credit

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Britain sets out legislation to regulate buy-now-pay-later credit


Britain on Tuesday will set out draft legislation to regulate "buy now pay later" credit, saying the sector posed potential harm to consumers without thorough affordability checks. BNPL companies are largely unregulated and typically offer on-the-spot interest-free short-term loans that spread…

#andrewgriffith #fca #clearpay #klarna #laybuy #openpay #janegoodland

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