Buy now, pay later needs credit card-like oversight, CFPB says
Interpretation of the law will take effect in 60 days.
Buy now, pay later lenders such as Block Inc.’s Afterpay, Affirm Holdings Inc. and Klarna Bank AB should be treated in some ways like credit-card providers, according to one US financial regulator. . The US Consumer Financial Protection Bureau published a new interpretation of existing laws and regulations on Wednesday to make clear that, like […]
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