https://www.pymnts.com/buy-now-pay-later/2024/bnpl-regulation-debate-heats-up-as-comment-period-closes/
The response period has now closed - we need the US CFPB (Consumer Financial Protection Bureau) to act responsibly and uphold their earlier decision from 22nd May. By bringing legacy BNPL under the same regulatory frameworks as more traditional lines of credit, a far greater level of protection will be afforded to a broader user demographic.
https://www.gtlaw.com/en/insights/2024/6/cfpb-issues-interpretive-rule-classifying-bnpl-products-as-credit-cards
https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-to-ensure-consumers-can-dispute-charges-and-obtain-refunds-on-buy-now-pay-later-loans/
