CRL Urges CFPB to Strengthen Proposed Rule for ‘Buy Now Pay Later’ Lenders
WASHINGTON, D.C., – The Center for Responsible Lending (CRL) urged the Consumer Financial Protection Bureau (CFPB) to implement more robust protections for Buy Now Pay Later (BNPL) digital user accounts in a comment letter submitted yesterday evening. The letter was issued in response to the Bureau’s call for public input on an interpretive rule for BNPL lenders published in May...