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CFPB to classify BNPL loans as credit cards under consumer laws | American Banker
https://www.americanbanker.com/news/cfpb-to-classify-bnpl-loans-as-credit-cards-under-consumer-laws
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The Consumer Financial Protection Bureau issued a new interpretive rule designating buy now/pay later lenders as credit card providers, subjecting those services to consumer protections like the right to dispute charges and receive refunds.
