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Buy Now, Pay Later Needs Credit Card-Like Oversight, CFPB Says

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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.

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US consumer watchdog will apply credit card rules to buy now, pay later companiesThe U.S. Consumer Financial Protection Bureau will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, the agency said on ...
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US consumer watchdog will apply credit card rules to buy now, pay later companiesThe U.S. Consumer Financial Protection Bureau will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, the agency said on ...
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