New buy now, pay later rules aim to protect shoppers
Source: BBC
The government has announced new rules aiming to protect shoppers using buy now, pay later services, saying it wants to end the "wild west" of unregulated borrowing.Under the plans, lenders will have to carry out affordability checks to stop people taking on too much debt and shoppers will have faster access to refunds.The use of buy now, pay later (BNPL) has surged recently, with 11 million people in the UK…
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