Bank told: Pay it back
Barclays bank has been ordered to compensate customers after mis-selling loans.
An internal investigation into Barclays Partner Finance (BPF), the consumer lending arm of Barclays Bank, reportedly identified a lack of supervision over retailers offering ’buy now, pay later’ credit for purchases.
This may have left customers unable to repay their debt.
The Financial Conduct Authority has told Barclays to overhaul its practices.