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flag UK regulators introduce new rules for Buy Now, Pay Later services to protect consumers from debt.

flag UK households are increasingly using Buy Now, Pay Later (BNPL) services for essential expenses, with nearly half of adults resorting to these and other credit options. flag In response, the Financial Conduct Authority will introduce new rules for BNPL companies, including affordability checks and faster access to refunds, to protect consumers from debt traps. flag These measures aim to ensure clarity and fairness for the millions using BNPL services like Klarna and PayPal, while also supporting industry growth.

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