Britain's financial watchdog tells buy now pay later firms to amend contracts

Openpay

14/02/2022 09:02

LONDON, Feb 14 (Reuters) - Britain's financial watchdog said
on Monday it had told four buy now pay later firms (BNPL) to
change their contracts after identifying "potential harms" to
consumers.
    "The four firms involved, Clearpay, Klarna, Laybuy and
Openpay, have fully cooperated with our work. We welcome their
cooperation and their actions to address our concerns," the
Financial Conduct Authority said in a statement.
    

 (Reporting by Huw Jones
Editing by Tommy Wilkes)
 ((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters
Messaging: huw.jones.thomsonreuters.com@reuters.net))