BNPL Gets Regulated for Safety

Starting July 15th, buy now, pay later services like Klarna and Clearpay face major new rules under the Financial Conduct Authority—requiring lender licenses, stricter affordability checks, and mandatory support for struggling customers. With BNPL booming past $13 billion in 2024, regulators aim to curb overspending and financial harm, offering debt advice access, capped late fees, and shared responsibility for faulty goods—all to protect consumers while letting innovation thrive. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2ea75eeaa6f9febb