BNPL Firms Face U.K. Regulation
This is a Affirm news story, published by CNBC, that relates primarily to Klarna news.
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later firmsCNBC
•Business
Business & Economics
UK clamps down on 'wild west' of buy now, pay later sector with new rules

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.
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