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CFPB Vows Forbearance on Enforcing BNPL Rule

Account Recovery

Back in May, the CFPB announced that Buy Now, Pay Later companies must provide consumers with the same legal rights and protections that credit card lenders do. Overall, BNPL companies responded “favorably and constructively,” Chopra said in a blog post published on the CFPB’s website.

article thumbnail

CFPB Vows Forbearance on Enforcing BNPL Rule

Account Recovery

Back in May, the CFPB announced that Buy Now, Pay Later companies must provide consumers with the same legal rights and protections that credit card lenders do. Overall, BNPL companies responded “favorably and constructively,” Chopra said in a blog post published on the CFPB’s website.