The Caithness Business Index has posted the following article:

FCA Publishes Final Rules On Buy Now Pay Later Products

[IMG][/IMG] 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]