#klarNAA Today I’m launching a campaign urgently calling for better regulation to protect young and vulnerable consumers from misleading Buy Now Pay Later products https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal"> 1/12

#regulateBuyNowPayLater

Please sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r ">https://bit.ly/3dlSY2r&q...
#klarNAA Today I’m launching a campaign urgently calling for better regulation to protect young and vulnerable consumers from misleading Buy Now Pay Later products https://abs.twimg.com/emoji/v2/... draggable= 1/12 #regulateBuyNowPayLaterPlease sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r&q..." title=" #klarNAA Today I’m launching a campaign urgently calling for better regulation to protect young and vulnerable consumers from misleading Buy Now Pay Later products https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal"> 1/12 #regulateBuyNowPayLaterPlease sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r&q..." class="img-responsive" style="max-width:100%;"/>
I’m tired of being bombarded by manipulative AD campaigns for products which exploit the vulnerabilities of young people and women 2/12

Please sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r ">https://bit.ly/3dlSY2r&q...
I& #39;ve been investigating the stories of people who have been misled by BNPL and looking into the regulatory gaps which desperately need closing 3/12
We need better protection at checkout and tougher ad standards. In terms of exploiting gaps in regulation, Klarna is the biggest offender 4/12
Dishonesty - Klarna’s claim on their website that credit scores will not be impacted even if you don’t pay on time. This is not true. They sell unpaid debt to collection agencies. 5/12

Please sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r ">https://bit.ly/3dlSY2r&q...
Manipulative advertising - Claims in ads of ’no impact on your credit score’, and ‘no interest, no fees, ever& #39;. Also not true on all products, and misleading. 6/12

Please sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r ">https://bit.ly/3dlSY2r&q...
Consumers are accidentally using Buy Now Pay Later - Klarna is the default payment option on several sites. There is no risk wording 7/12

Please sign the petitionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r ">https://bit.ly/3dlSY2r&q...
23% of 18 to 24-year-olds have turned to BNPL services since the start of lockdown (Compare the Market) During this time, Klarna revenues have surged (Sifted) 8/12
45% of young people who have used a buy now pay later scheme in the last year say they have missed at least one payment (Compare the Market) 9/12
Buy now pay later can be useful for consumers, however, there is a risk that without better protection we& #39;ll see young people who already face the reality of a debt crisis and recession, under unmanageable financial pressure 10/12
Please RT to support and sign the petition calling for consumers to be better protected from misleading Buy Now Pay Later products and ads 11/12

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3dlSY2r ">https://bit.ly/3dlSY2r&q...

#KlarNAA
#regulateBuyNowPayLater
For more on the problems, stories and proposed solutions please take a look at the campaign site 12/12

The campaign page https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> https://bit.ly/3egxS6L 

https://bit.ly/3egxS6L&q... href="https://twtext.com//hashtag/KlarNAA"> #KlarNAA
#regulateBuyNowPayLater
PROTECT YOUNG CONSUMERS FROM BNPL RISKS | GO FUND YOURSELF

We're calling for tougher advertising standards and better consumer protection on Buy Now Pay Later products

https://bit.ly/3egxS6L
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