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New 'buy now, pay later' rules could save shoppers 60 million pounds a year

The UK’s Financial Conduct Authority (FCA) has announced it will be introducing new rules in the Buy Now Pay Later (BNPL) market which could save consumers around 40-60 million pounds a year. The new measures will be in force by 12 November 2019, and will prevent retailers from charging backdated interest on money that has been repaid by the...

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