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INSANE: 14 | Rare Historical Photos

Top News In Fintech And Beyond For June 2, 2022

👉 Top Things To Know In TradeFi:

Benzinga

Klarna criticised for chaotic handling of job cuts

UK employees said they were ‘blindsided’ by the Swedish firm’s announcement

The Guardian - UK

Klarna shake-up means missed payments will show on your credit file from today

Klarna will report late payments and unpaid purchases for "pay in 30" and "pay in three" orders made on, or after, June 1 to both Experian and TransUnion

Daily Mirror

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Buy Now Pay Later firm Klarna warns of oncoming recession and cuts 700 staff

Shoppers are not spending in the way they were six months ago

Wales Online

Klarna to lay off 10 percent of its workforce as consumers shun layaway

Consumers just aren’t spending like they used to, laments CEO and co-founder Sebastian Siemiatkowski.

Input

Gen Z is falling into debt thanks to ‘buy now, pay later’ startups

Companies like Klarna and Afterpay can enable bad spending habits, tank your credit, and lack the consumer protections of genuine credit lenders.

Input

Klarna shoppers warned as payment history to be reported to credit agencies

Starting from June 1, buy now, pay later company Klarna will begin reporting UK shopper debts to credit agencies for the first time — which could be bad news for those who miss payments

Glasgow Live

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Klarna customers will see payment history start to appear on credit file from next month

People using buy now, pay later schemes will see changes from June 1.

Daily Record

Missing Klarna payments will affect your credit score under Buy Now Pay Later changes

A good credit score is essential to securing large loans like a mortgage to buy a house, from June Klarna will report customers who don't pay on time

Wales Online

Shoppers warned of Klarna change for buying from ASOS, Pretty Little Thing, H&M or Debenhams

The company has announced some changes which could affect customers' credit score

Chronicle Live

Warning issued to anyone who uses Klarna for H&M, ASOS, Pretty Little Thing, Missguided, Debenhams and other websites

A change in the way Klarna works from next month will put 16 million people's credit at risk

Manchester Evening News

Klarna customers facing big shake-up that could impact credit score

The company has announced some changes to how it is operating

Liverpool Echo

Huge Klarna shake-up means missed payments will now affect your credit score

Klarna said it will report consumer purchases paid on time, late payments and unpaid purchases for "pay in 30" and "pay in three" orders made on or after June 1 to Experian and TransUnion

Daily Mirror

Klarna to report product use and missed payments to UK credit reference agencies

Klarna said it will protect customers and provide the industry with greater visibility of BNPL use, helping to improve affordability assessments.

The Independent UK

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The Guardian - UK

Klarna to start reporting UK customer debts to credit agencies

Move by Swedish firm, the UK’s leading buy now, pay later company, will begin on 1 June

Manchester Evening News

Hundreds of women claim they've lost thousands of pounds after paying for beauty treatments that never happened

Customers who booked appointments with three branches of Skin HQ say they've still not seen their money - despite booking specialist cosmetic treatments months ago

The Independent UK

What to know before your business adds buy now, pay later

Large retailers like Target, Macy’s and Ikea now offer “buy now, pay later” when customers check out

Daily Record

Buy now, pay later contract changes could result in refunds for customers who made late payments

Clearpay, Klarna, Laybuy and Openpay are changing how their contracts are drafted.

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The Guardian - UK

Four buy now, pay later firms change ‘potentially unfair terms’

UK financial regulator wants Clearpay, Klarna, Laybuy and Openpay to make contracts easier to understand

The Independent UK

‘Like debt quicksand’: How Klarna’s new card could impact the financially vulnerable

As Klarna promises greater convenience and flexibility with its latest offering, Saman Javed speaks to its users about the dangers of buy now, pay later services

Edinburgh Live

Klarna releases new contactless card but shoppers issued stark warning

Klarna has released a new contactless Visa card that customers can use to spread out the cost of purchases — but debt experts have warned that 'shoppers could be at risk'

Daily Mirror

Klarna launches new contactless card but debt experts warn 'shoppers could be at risk'

Klarna is launching a new interest-free card for the first time in the UK - but is it any good and what do you need to be aware of? We speak to the experts to get their views

Edinburgh Live

UK supermarket shoppers can now pay without money in every store

Shoppers can now leave without paying if they have one of the new cards - Klarna say that the new initiative gives shoppers greater control, transparency and choice over how they pay

The Guardian - US

Buy now, pay later schemes are catching the eye of consumers, and of federal regulators

Industry says no-interest BNPL loans are more equitable than credit cards but consumers say they can be a spending trap

Manchester Evening News

New card lets shoppers pay in ASDA, Aldi, Home Bargains, M&S, Tesco and Primark without any money

Shoppers can leave without paying if they have one of the cards

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Sebastian Siemiatkowski

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