Nearly quarter of Londoners turn to buy now, pay later services as cost of living crisis bites Services include Klarna, Laybuy and PayPal Credit Evening Standard · Jan 4, 2024
If it looks like debt, let's treat it like debt – 'buy now, pay later' schemes need firmer regulation in NZ There are few stores without an Afterpay logo displayed on the door, or that don’t offer Laybuy at their online checkout. And these schemes are particularly popular with younger consumers. The Conversation · Sep 6, 2023
Klarna joins Laybuy and Clearpay in charging a fee to late payers New £5 charge from March 16 will reduce the likelihood of borrowers falling behind, according to Klarna boss Chronicle Live · Mar 2, 2023
Buy now, pay later firms set for major crackdown under new rules to protect borrowers A new consultation has launched today and will look at how buy now, pay later (BNPL) products could be brought under Financial Conduct Authority (FCA) regulation Daily Mirror · Feb 14, 2023
Debt concerns as UK public sector workers turn to buy now, pay later Use of services such as Klarna, Clearpay and Laybuy rising as staff rejected by mainstream lenders The Guardian - UK · Sep 19, 2022
Martin Lewis hits back at 'painfully slow' regulation process for Klarna, Clearpay and more Money Saving Expert criticised the 'painfully slow' process to regulate the buy now, pay later schemes that has thrown many young people into debt - firms such as Klarna, Laybuy and Clearpay became popular during the pandemic. Glasgow Live · Jun 20, 2022
Martin Lewis frustrated at slow pace of buy now, pay later rules Government outlines two-year wait for curbs on multibillion-pound industry as consumers face ‘bleak winter’ The Guardian - UK · Jun 19, 2022
Buy now, pay later: your rights over refunds as Missguided collapses The fashion brand is not paying buyers back – but big finance firms say they will return cash The Guardian - UK · Jun 18, 2022
Buy now, pay later contract changes could result in refunds for customers who made late payments Clearpay, Klarna, Laybuy and Openpay are changing how their contracts are drafted. Daily Record · Feb 15, 2022
Four buy now, pay later firms change ‘potentially unfair terms’ UK financial regulator wants Clearpay, Klarna, Laybuy and Openpay to make contracts easier to understand The Guardian - UK · Feb 14, 2022
Buy now, pay later customers to be refunded after being charged unfair late fees Clearpay, Laybuy, and Openpay have agreed to voluntarily refund shoppers who cancelled their entire order but were still charged late fees - are you due money back? Daily Mirror · Feb 14, 2022