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BNPL refunding late fees

After the watchdog identified potentially unclear terms and conditions, some buy now, pay later customers could get refunded. Customers who were charged late payment fees by Clearpay, Laybuy, and Openpay will receive a refund voluntarily in specific circumstances. The Financial Conduct Authority (FCA) asked firms offering buy now, pay later to be more clear with their terms. As a result of some...
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