‘Buy now pay later’ firms face FCA crackdown after Woolard review

Industry News | 01/02/21

‘Buy now, pay later’ firms such as Klarna will face tighter regulation from the City watchdog following a review of the unsecured credit market.

Sky News has learnt a report to be published on Tuesday by the former Financial Conduct Authority (FCA) interim chief executive Chris Woolard will recommend that the sector be formally brought under the regulator’s scrutiny.

Source: Sky News