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CFPB Rules Buy Now, Pay Later Requires Credit Card-Like Oversight
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CFPB Rules Buy Now, Pay Later Requires Credit Card-Like Oversight
May 22, 2024 4:42 AM

07:29 AM EDT, 05/22/2024 (MT Newswires) -- Buy Now, Pay Later lenders are credit card providers and therefore must provide key legal protections and rights to consumers that apply to conventional credit cards, according to an interpretive rule issued by the Consumer Financial Protection Bureau on Wednesday.

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