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The new regulations mean lenders like Klarna must now check if you can truly afford repayments. This is a big change, as previously these checks were less stringent. If your financial situation suggests you might struggle, you could be refused BNPL for the first time, protecting you from potential debt.
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BNPL lenders like Klarna must now check you can afford repaymentsRelated explainers
How do other countries regulate BNPL? Who protects BNPL shoppers? Why regulate BNPL now? Can I still get cash easily? Can I still choose? Will I still get my bus pass?The full catalogue
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