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Online & Digital

BNPL borrowers set to receive new protections under FCA proposals

FCA research published in May found that one in five UK adults – 10.9 million people – had used BNPL at least once in the previous 12 months, up from 17% (8.8 million) in 2022

Buy now pay later (BNPL) customers would benefit from similar protections to other types of lending under new proposals from the Financial Conduct Authority (FCA).

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