Federal Watchdog Institutes Consumer Protections for BNPL Purchases
Retail TouchPoints
MAY 24, 2024
The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule confirming that buy now, pay later (BNPL) lenders are in essence credit card providers, meaning they will be required to provide consumers with legal protections and rights, including in cases of disputed charges and issuing refunds.
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