Buy now, pay later will soon affect your credit score in the UK

Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt. Starting June 1, the Swedish fintech firm will share information on whether Brits paid off an installment loan in time or are falling behind on their payments to TransUnion and Experian, meaning such data will now start to appear on their credit reports. Klarna has around…

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Apple buys UK fintech start-up Credit Kudos

Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has acquired British fintech start-up Credit Kudos, a person familiar with the matter told CNBC, confirming an earlier media report. The deal was finalized earlier this week, the person said, preferring to remain anonymous discussing commercially sensitive information. The news was first reported by crypto-focused media outlet The Block, citing three sources familiar…

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Cyber-fraud shifts to gaming, travel and leisure, report finds

As digital fraud attempts on consumers and businesses rise, cybercriminals have shifted their focus from financial services to the gaming and travel and leisure industries.       That’s according to a report from credit reporting company TransUnion, analyzing global fraud during the second quarter of 2021.  The report shows the overall rate of suspected online fraud attempts jumped by 16.5% worldwide compared to the same period in 2020, and U.S.-based incidents grew by a similar percentage, 17.1%.    More from Personal Finance:Student loan borrowers have another 6 months before payments…

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