FCA Tightens “Buy Now Pay Later” Policies on Consumer Debt
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. BNPL firms, which are unregulated, typically offer on-the-spot interest-free short-term loans that spread payments for retail goods like clothing. The market more than trebled Continue Reading
Barclays and Libor Fixing
Calls today came for the resignation of Bob Diamond the boss of Barclays Bank after the bank has been found to have adjusted the inter-bank lending rate – known as the The Libor rate (the average interest rate that leading banks in London charge when lending to other banks) to Continue Reading
