NewsBot
19-Jun-19, 04:31
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
FCA Publishes Final Rules On Buy Now Pay Later Products
The Financial Conduct Authority (FCA) today confirmed it will introduce new rules in the Buy Now Pay Later (BNPL) market, saving consumers around £40-60 million a year. The changes, which include banning firms from charging backdated interest on money that has been repaid by the consumer during the BNPL offer period, will be in force by 12 November 2019. [Read Full Article (https://caithness-business.co.uk/article/9584)]
FCA Publishes Final Rules On Buy Now Pay Later Products
The Financial Conduct Authority (FCA) today confirmed it will introduce new rules in the Buy Now Pay Later (BNPL) market, saving consumers around £40-60 million a year. The changes, which include banning firms from charging backdated interest on money that has been repaid by the consumer during the BNPL offer period, will be in force by 12 November 2019. [Read Full Article (https://caithness-business.co.uk/article/9584)]