CFPB Applies Credit Card Rules to 'Buy Now, Pay Later' Lenders

Westlaw Today

Mark Chorazak Adam J. Cohen Darren M. Welch

“Buy Now, Pay Later” lenders take note: On May 22, the Consumer Financial Protection Bureau issued an interpretive rule extending some credit card issuer obligations to the BNPL industry. Partners Mark Chorazak, Adam Cohen and Darren Welch discuss why BNPL lenders should closely examine the rule and how it may apply to their business.
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