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Home » Buy now, pay later needs credit card-like oversight, CFPB says

Buy now, pay later needs credit card-like oversight, CFPB says

Interpretation of the law will take effect in 60 days. 

Bloomberg NewsbyBloomberg News
September 18, 2024
in Compliance
Reading Time: 3 mins read
0
The Consumer Financial Protection Bureau Headquarters

© 2022 Bloomberg Finance LP

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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