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The Independent UK
The Independent UK
Business
Ruth Lawes

What you need to know about major new Buy Now Pay Later rule changes

BNPL Buy Now Pay Later StepChange the Financial Ombudsman Service

Millions of consumers who rely on Buy Now Pay Later (BNPL) services to defer payments for purchases are set to benefit from significantly enhanced protections under new regulatory measures.

From 15 July, prominent BNPL providers, including Klarna and Clearpay, will for the first time fall under the direct regulation of the Financial Conduct Authority (FCA).

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