Buy now, pay later firms chafe at UK regulation proposals

Buy now, pay later firms Klarna and Block say that well-meaning proposals to regulate their businesses will unduly slow the checkout process online. Klarna said that based on its modeling, it would take five minutes to check out under new UK rules compared to 30 seconds. The firms contend that the rules would focus on their operations while some big retailers and others offering BNPL services would be exempt.