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‘Regulation is needed;’ New rules could make Buy Now Pay Later apps work more like credit cards
WHIO via Yahoo Finance· 11 hours agoPay Later apps and found more than half of users have experienced at least one problem. “I do think...
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
PYMNTS.com· 7 days ago“Regardless of whether a shopper swipes a credit card or uses buy now, pay later, they are entitled...
CFPB Issues “Interpretive Rule” Deeming BNPL Providers Card Issuers | JD Supra
JD Supra· 5 days agoThe result of the CFPB’s multi-year study of the BNPL industry is what the CFPB calls an interpretive rule in which it finds that: (1) “digital user accounts ...
CFPB Updates Rules For BNPL Providers, Creates Same Protections For Consumers As Credit Cards |...
Crowdfund Insider· 6 days agoYesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular ...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
CNBC· 7 days agoRohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on...
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 6 days agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 5 days agoUntil recently, the most popular topic of discussion in the financial services world has been the outcome of the Supreme Court case CFPB v. Community Financial Services Association ...
BNPL: CFPB acts to ensure consumers can dispute charges and obtain refunds
Electronic Payments via Yahoo Finance· 7 days agoOr whether the lender will help them if they didn’t get what was promised,” said CFPB Director Rohit...
Texas judge again transfers lawsuit over card late fee rule to Washington, D.C
Colorado Springs Gazette· 8 hours agoU.S. District Judge Mark Pittman in Fort Worth moved swiftly to transfer the lawsuit out of his...
CFPB takes on BNPL
The Hill· 6 days agoThe CFPB says the move will bring “consistency” to the market. “Buy now, pay later” programs, also known as BNPL, allow consumers to pay for products in...