welcome
CNBC

CNBC

Business

Business & Economics

UK clamps down on 'wild west' of buy now, pay later sector with new rules

CNBC
Summary
Nutrition label

74% Informative

Buy now, pay later ( BNPL ) firms like Klarna and Affirm are set to face formal regulation in the U.K. Fintech firms have flourished by offering interest-free financing on everything from fashion and gadgets to food deliveries.

BNPL firms will be required to make upfront checks to ensure people can repay what they borrow and make it easier for customers to access refunds.

VR Score

83

Informative language

89

Neutral language

39

Article tone

formal

Language

English

Language complexity

55

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