“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.| Payments Dive
View full size| Federal Reserve Bank of Boston
The buy now, pay later industry sued to block the consumer-friendly rule, arguing that the services are not the same as those offered via credit cards.| Payments Dive
Americans are racking up credit card debt as they struggle to keep up with costs, and experts say those who earn the least are hardest hit.| Washington State Standard
