“Buy now, pay later” loans are unlawfully being offered to children shopping online, according to Dutch financial authority AFM. In its latest annual report, it warned that last year almost 600,000 loans were issued to bank accounts belonging to children aged between 13 and 17. It is only legal to offer credit to adults in the Netherlands and registered providers of “buy now, pay later” loans have signed up to a code of conduct saying they will only lend to Read this story
