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Regulator warns BNPL sector of criminal penalties as cost-of-living crisis deepens

Compliance Monitor

Regulator warns BNPL sector of criminal penalties as cost-of-living crisis deepens

The FCA has written to Buy Now Pay Later lenders warning them of the two-year prison sentences and fines that can be handed out for breaches of its financial promotion rules. It is asking them to review all their promotions.

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