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The rules, giving consumers more transparency over what this type of borrowing involves, would take effect when buy now, pay later (BNPL) comes under the FCA’s remit next year.
Long-promised regulation of the sector will come into force next July, but lenders will have some flexibility.
Borrowers will have more transparency over their loans and be able to complain to the ombudsman if something goes wrong, ...
StepChange Debt Charity has suggested some ways that borrowers can manage BNPL products ahead of changes next year.
Buy now, pay later firms are set to come under the scope of the Financial Conduct Authority (FCA). On Friday, proposals from ...
HUGE changes are coming to popular buy now, pay later (BNPL) schemes, with new rules set to kick in next summer. The ...
MILLIONS of shoppers who rely on buy now, pay later schemes will gain stronger protections under new rules launching next ...
Can you hear the canary in the economy's coal mine singing her heart out?
With persistence and grit, the founders slowly gained traction. In the past year alone, Sunbit secured backing from major ...
The concern for consumers is that this additional data held by companies may come at the expense of controlling access to it, ...
Paypercut, a European fintech that lets small and mid-sized merchants offer “Buy Now, Pay Later” (BNPL) through a single integration, has raised €2 million in pre-seed funding - among the region’s ...
Adoption of buy-now-pay-later services is predicted to surge to more than 900 million users around the world by 2027, but ...