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FORGOTTEN HISTORY: 8 - Caught on Camera

Young people’s reluctance to talk about money is putting them at risk – here’s how to help them

Credit is an everyday, and often essential, part of young people’s lives. Gaining access to credit for the first time is an important transition to adulthood that can enable you to study, earn and invest in your future.

The Conversation

Buy now, pay later firm Klarna reports first quarterly profit in four years

Swing to profit of £9.6m by Swedish firm improves its fortunes in run-up to possible £12bn flotation

The Guardian - UK

FCA acts against PayPal and QVC as more Britons turn to buy now, pay later

Payments group and TV shopping channel change small print after financial regulator steps in

The Guardian - UK

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On the cards: Amex UK boss on plans for BNPL and keeping BA tie-up despite climate crisis

Hannah Lewis on the financial services firm’s partnership with airline, weathering the pandemic and navigating a male-dominated business world

The Guardian - UK

Cash payments rise in UK as people seek ways to manage budgets

Number of payments using coins and notes rose 7% last year amid cost of living crisis, after a decade of decline

The Guardian - UK

Fifth of buy now, pay later customers ‘have used the credit to fund essentials’

Some consumers have faced issues managing payments, been charged a late fee, or used a credit card to fund a repayment, according to research.

The Independent UK

Buy now, pay later firm Klarna reports first month of profit in three years

Fintech company still made second-quarter operating loss of £62m as calls grow for sector to be regulated

The Guardian - UK

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2 Unusually Active Call Options Catching My Eye on a Friday

Early in Friday trading, more stocks are up on the NYSE and Nasdaq than down, with Nvidia still leading the charge. Sea is leading the way when it comes to unusual call option activity. Two others have caught my eye.

Barchart

Buy-now, pay-later giant Klarna says it will ‘double down’ in Europe after reporting major growth in the region

The company said it has seen "phenomenal growth" across Europe.

Fortune

Buy-now-pay-later closure hits unfunded medicines

Businesses relying on the popular but contentious payments model are finding their operations increasingly difficult to stack up, reports Andrew Bevin.

Newsroom.co.nz

Buy now, pay later medical loans on rise as desperate patients go private amid NHS backlogs

Finance firms defend credit deals as ethical but health experts warn of spiralling public indebtedness

The Guardian - UK

Buy now, pay later firms stay unregulated – and Britons are racking up debt

Estimates suggest one in 10 consumers who use companies such as Klarna and Clearpay end up with debt collectors as no safeguards in place

The Guardian - UK

Coalition of groups press Chancellor on buy now, pay later regulation plans

Charities and consumer advocates have written an open letter to Chancellor Jeremy Hunt, saying regulation is ‘more important than ever’.

The Independent UK

‘Buy now, pay later’ regulation is needed, says Martin Lewis

The consumer champion said regulation ‘doesn’t curtail the industry’, following concerns that a crackdown could potentially be shelved.

The Independent UK

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news in one place.

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Fortune

Buy now, pay later vs. credit cards—which one is right for you?

Buy now, pay later services are more commonly offered and consumers might be torn about whether to pay with plastic or pay later with BNPL. We asked experts to break down the key differences.

The Independent UK

How banks can enter the booming BNPL space with card-based BNPL

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Kiplinger

A Guide to Debt: Good vs. Bad and Tips to Better Manage It

Debt might help or hurt your long-term finances, so be mindful of its use.

The New Daily

Buy now, pay when you die: Pizza chain’s cheeky marketing gig

A Kiwi pizza chain is taking buy now, pay later to a whole new level, announcing an "AfterLife Pay" campaign.

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news in one place.

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The Conversation

The rules for Afterpay, Zip and other 'buy now, pay later' providers are changing. What it means for you, and them

More than 6 million Australians have used the “buy now, pay later” lending services offered by Afterpay, Zip and more than a dozen other companies.

The New Daily

Fears buy now, pay later crackdown will fail vulnerable Australians

A proposed crackdown on the buy now, pay later industry could fail to deliver desperately needed consumer protections, advocates fear.

ABC News

Buy now, pay later services will be considered credit products by the end of the year. Here's how it will work

The federal government will classify buy now, pay later options as credit products, as part of sweeping changes to protect both consumers and the industry. Here's what it means in practice.

The Guardian - AU

Crackdown on buy now, pay later schemes announced as Labor warns of dangers of growing debt

Under government reforms, schemes to be regulated as credit products in Australia

ABC News

ASX finishes lower as threat of US debt default sparks warnings of potential Wall St crash — as it happened

Australian shares finished lower after US debt ceiling talks failed to make progress in the absence of President Joe Biden. Look back on the day's events as they happened with our markets blog.

The New Daily

Crackdown on buy now, pay later and its ‘unchecked dangers’

The booming and "unchecked" buy now, pay later sector will be regulated amid calls to better protect consumers against its "growing dangers". Financial

The Guardian - AU

The no-interest loans helping Australians get back on their feet

More than 350,000 zero-interest loans have been given to those on low income since 2003 – and experts say the financial alternative has changed lives

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Sebastian Siemiatkowski

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