Buy Now Pay Later Rule is a Step Forward for Consumer Protection
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule for Buy Now Pay Later (BNPL) lenders. “We welcome this rule as a step toward ensuring consumers have the protections that they reasonably expect from a credit card. We look forward to the CFPB’s continued work in this market,” said Nadine Chabrier, litigation and policy counsel...