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CFPB Updates Rules for BNPL Providers, Creates Same Protections for Consumers as Credit Cards

DATE POSTED:May 23, 2024
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