Tagpay later firms

Buy now, pay later firms in UK warned over influencer ads on social media

By Marta Lopez
In Finance
2 Min Read
B

The city watchdog has informed buy now, pay later firms such as Klarna and Clearpay that it has seen online ads and posts by social media influencers that break rules by not warning of risks such as taking on unaffordable debt. The Financial Conduct Authority (FCA) has written to companies in the multibillion-pound buy now, pay later (BNPL) sector promising to take action over unfair and...

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