State laws in the US are varied, but many, if not most are...

State laws in the US are varied, but many, if not most are introducing laws causing BNPL lenders to establish that their customers have ability to repay loans within their budget among other commitments.

There are state-specific regulations for BNPL providers in the U.S. In New York, proposed legislation would require BNPL providers to obtain a license, prohibit certain fees, and ensure consumers have the ability to repay their loans

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. California requires BNPL providers to obtain licenses under the California Financing Law and has enforced penalties for non-compliance

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. Massachusetts is considering whether all BNPL providers need a state license, and Oregon is working with other states to potentially create BNPL-specific statutes

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