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.

BING NEWS:
  • What the new 'buy now, pay later' rule means for small businesses offering the service
    The Consumer Financial Protection Bureau issued a new rule that may ease small business owners' minds on offering the popular service.
    06/16/2024 - 1:00 am | View Link
  • Money & the Law: Agency targets 'buy now, pay later' transactions
    For the last few years, the federal Consumer Financial Protection Bureau (CFPB) has been looking into, and reviewing complaints about, “buy now, pay later” transactions.
    06/15/2024 - 7:00 pm | View Link
  • Buy now, pay later companies must adhere to credit card standards
    In a report, the CFPB found that more than 13% of Buy Now Pay Later transactions involved a return or dispute. In 2021, people returned or disputed $1.8 billion.
    06/14/2024 - 7:04 am | View Link
  • Affirm’s founder talks Apple partnership, Elon Musk, & AI
    Affirm founder and CEO Max Levchin is one of the preeminent tech entrepreneurs of the past 25 years. He worked alongside Silicon Valley heavyweights Peter Thiel, Reid Hoffman and Elon Musk to create ...
    06/14/2024 - 1:00 am | View Link
  • The Good Guys Promo Codes 2024
    Yes, The Good Guys' student discount code allows eligible shoppers to save $20 on a $200 order ... By only recommending discount codes and offers we love, our readers can enjoy a more rewarding online ...
    06/12/2024 - 12:59 pm | View Link
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