Comment on Good News for Shoppers Who Love Buy-Now, Pay-Later Programs

Good News for Shoppers Who Love Buy-Now, Pay-Later Programs

The Consumer Financial Protection Bureau (CFPB) issued a new interpretive rule on Wednesday that would provide customers using buy now, pay later (BNPL) with greater protections that would normally apply to credit cards. BNPL—which has multiple variations and is offered by companies like Affirm, Klarna, and Afterpay—allows customers to cover costs in four interest-free biweekly payments.

 

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