Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays

Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Britain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a government spokesperson told CNBC.A Treasury department spokesperson said the government will do so "shortly," echoing earlier comments from Tulip Siddiq, the new economic secretary to the U.K. Treasury, to Parliament on Wednesday."Regulating Buy Now Pay Later products is crucial to protect p ...