CFPB Updates Rules for BNPL Providers, Creates Same Protections for Consumers as Credit Cards
Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More
Read more in: Politics, Legal & Regulation, Featured Headlines, Fintech | Tagged AFC, american fintech council, bnpl, cfpb, dorsey and whitney, erin bryan, financial technology association, penny lee, Phil Goldfeder, rohit chopra