UK Publishes Draft Legislation to Regulate BNPL Credit

Reuters | Huw Jones | Feb 1, 2023 Britain on Tuesday set out draft legislation to regulate "buy now pay later" (BNPL) credit, saying the sector posed potential harm to consumers without thorough affordability checks. BNPL companies are largely unregulated (UK) and typically offer on-the-spot interest-free short-term loans that spread payments for retail goods like

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