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BNPL lendersCNBC
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75% Informative
BNPL plans are flexible credit arrangements that enable a consumer to purchase an item and then pay off their debt at a later date .
Most plans charge customers a third of the purchase value up front, then take the remaining payments the following two months .
This follows multiple delays to the roadmap for legislation in Britain , including lobbying from some of the biggest names in the industry.
BNPL loans are a largely unregulated part of the financial services ecosystem, not just in the U.K. , but globally. In the United States , the Consumer Financial Protection Bureau said customers of BNPL companies should be offered the same protections as credit card users. The regulator unveiled an "interpretive rule" for the industry, meaning BNPL lenders, like Klarna , Affirm and PayPal must make refunds for returned products or canceled services, must investigate merchant disputes and pause payments during those probes, and must provide bills with fee disclosures..
VR Score
83
Informative language
87
Neutral language
65
Article tone
formal
Language
English
Language complexity
61
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links