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The Independent UK
The Independent UK
Business
Becky Wilding

The Buy Now Pay Later rule changes you need to know - and the risks with using it

BNPL FCA

On 15 July, buy now pay later (BNPL) services, including those from the likes of Klarna and Clearpay, have been brought into the regulatory remit of the Financial Conduct Authority (FCA), just as banks, mortgage lenders, credit card providers, and personal loan companies are.

According to the FCA, around one in five UK adults uses BNPL.

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