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'Buy now, pay later' credit providers need urgent regulation, UK review recommends

By Fiona Maxwell ( February 2, 2021, 12:30 GMT | Insight) -- Klarna, Afterpay and other similar "buy now, pay later" credit providers will come under regulation in the UK after a long-awaited review by the former interim chief of the Financial Conduct Authority warned of a risk of consumer detriment.Consumer-credit providers such as Klarna should be urgently subjected to regulation in the UK, the former interim chief executive of the Financial Conduct Authority recommended today in a long-awaited review....

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