Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from BNPL

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

Crackdown on buy now, pay later schemes to protect 10 million shoppers

Klarna-style plans have ballooned since regulation all but killed off predatory payday loans

The Independent UK

Buy now, pay later businesses face clampdown under new government rules

Nearly £1 in every £8 spent online in January used buy-now-pay-later services

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

New buy now pay later regulations ‘set to protect 10 million consumers’

'People should be able to access affordable credit, but with clear protections in place. That is why these proposed regulations are so important.'

Wales Online

Ministers launch long-awaited consultation on buy now, pay later firms

Government says new rules could help protect 10 million consumers from ‘unconstrained borrowing’

The Guardian - UK

Cost-of-living crisis drives vulnerable Australians to buy now, pay later schemes, consumer groups say

With more people taking out loans for daily expenses, advocates urge tighter regulation of BNPL sector

The Guardian - AU

What Is a Good Credit Score?

Having a good credit score can save you hundreds, even thousands of dollars on credit cards, mortgages and other loans.

Kiplinger

Read news from The Economist, FT, and more,
with one subscription

How to recover from a festive season financial hangover

The holiday season comes with a flood of sales – but these specials could tempt cash-strapped Australians into financial distress.

The New Daily

Debt trap risks for those with multiple Buy Now Pay Later accounts

Buy now pay later companies are lending money to vulnerable Australians without knowing whether they hold accounts with multiple providers.

The New Daily

How buy now pay later can be a Christmas gift that keeps on taking

University of Newcastle lecturer in sociology and member of the Newcastle Youth Studies Centre Dr Julia Cook said young people made up the majority of BNPL customers.

Newcastle Herald

90% of young people had financial troubles in 2022, and 27% used 'buy now, pay later' services

Buy Now, Pay Later (BNPL) services have dramatically changed the landscape of personal lending, largely by being easy to access and not charging interest – thus avoiding national credit laws.

The Conversation

In a year marked by inflation, 'buy now, pay later' is the hottest holiday trend

People are paying for blenders, shirts and even groceries in installments. New research suggests this encourages people to overspend.

WEKU

Good cop, bad cop: let’s not scapegoat one female police commissioner

Katarina Carroll can’t reform Queensland police all on her own, a reader says. It’s time to rethink who should wear the uniform.

Crikey

Black Friday Online Sales Hit Record, But Growth Slim

Black Friday online sales rose just 2.3% vs. a year earlier, amid a tough economy and long holiday shopping season. Apple products were in demand.

Investors Business Daily

Get all your
news in one place.

100’s of premium titles.
One news app.

Evening Standard

London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector

Zilch joins rival Klarna in making a series of layoffs in a bid to cut costs as investors weigh the prospects for BNPL firms after higher borrowing costs squeeze profits

Bangkok Post

Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

Crikey

Regulation is coming for the buy-now-pay-later scam — but will it be enough?

It’s finally understood that buy-now-pay-later is damaging to consumers and small retailers, and a long overdue catch-up is taking place.

The New Daily

‘Significant harm’: Government urged towards toughest option in buy-now-pay-later crackdown

Buy-now-pay-later giants like Afterpay could be forced to obtain credit licenses and check whether their customers can afford loans.

Get all your
news in one place.

100’s of premium titles.
One news app.

The Guardian - AU

Consumer groups demand stricter regulation of buy now, pay later loans to reduce harm

Federal government releases options paper with toughest proposal agreeing BNPL should be regulated like credit cards

The Guardian - AU

Buy now, pay later schemes increasingly an avenue for financial abuse, report finds

A quarter of financial counsellors surveyed said at least half the women seeking help had been coerced into acquiring BNPL debts

Fortune

Can Affirm take down the credit card industry? It’s CEO Max Levchin’s 30-year plan

Between a huge IPO pop and eventual stock drop, Affirm's CEO says the mission to help consumers hasn't wavered.

The Guardian - AU

Australians turning to buy now, pay later schemes for groceries ‘stuck in a revolving door’ of debt

Financial counsellors say more and more people are turning to BNPL services for essentials such as food, petrol and bills

The Independent UK

Experts warn against using Klarna to pay for Deliveroo takeaways

There are fears people will fall into further debt as the costs spiral

Daily Mirror

Brits can now spread the cost of a Deliveroo using Klarna - and experts don't like it

Consumers can now buy a Deliveroo takeaway using buy now, pay later firm Klarna, but experts say the idea is 'extraordinarily irresponsible' and can impact your finances

The Guardian - UK

‘It’s just so easy, isn’t it?’ How buy now, pay later can leave Britons struggling with debt

We spend almost £1bn a month through retailers’ spread-the-cost payment schemes. But many borrowers find themselves missing payments, covering instalments with credit cards – and using the schemes to pay for food and other essentials. Is online credit spiralling out of control?

1 … 4 5 6 7

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

University of Newcastle

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.