BBC·3 min read·medium
How will Buy Now Pay Later changes affect you?
✦AI Summary
New regulations in the UK now require Buy Now Pay Later (BNPL) providers to obtain financial regulator approval and perform stricter affordability checks. While proponents argue this increases consumer protection, critics fear it may push vulnerable individuals toward unregulated loan sharks.
Share Save Add as preferred on Google Kevin Peachey Cost of living correspondent Getty Images Shoppers using Buy Now Pay Later (BNPL) services have stronger rights but some will be refused loans, as new rules come into effect.
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