Here it comes....... https://www.ft.com/content/89fc33b7-4029-4ca4-82c1-04065d84fe31
The popular “buy now, pay later” credit company Klarna has unveiled sweeping changes to its services in the UK ahead of an expected crackdown by regulators.
will introduce new wording to make it “absolutely clear” to customers that they are being offered credit, with penalties for missed payments.
Klarna’s fast growth and entrance into new markets is also having an impact on its finances. In August, it revealed that its operating losses had soared from SKr89m ($10m) a year earlier to SKr965m ($111m), with credit losses more than doubling in the second quarter.
Watch This Space, page-6532
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