UK Treasury proposes stricter regulations for “buy now, pay later” services like Klarna, including affordability checks before lending (Ryan Browne/CNBC)
Ryan Browne / CNBC:
UK Treasury proposes stricter regulations for “buy now, pay later” services like Klarna, including affordability checks before lending — – The U.K. Treasury said buy now, pay later (BNPL) firms would come under the supervision of the Financial Conduct Authority (FCA).