CFPB’s Probe of Buy Now, Pay Later: What’s the Risk to Consumers?, Bloomberg Law

Due to the pandemic-fueled shift toward online and mobile app shopping, the “buy now, pay later” (BNPL) market has experienced sharp growth. In an article for Bloomberg Law, lawyers Eamonn Moran and Robin Nunn discuss the current regulatory landscape on point-of-sale BNPL financing.

While the Consumer Financial Protection Bureau (CFPB)’s plans for the industry remain unclear at this early stage, additional guardrails and protections can be expected, particularly in the areas of fees and dispute resolution, consumer education, consumer credit assessment, and cybersecurity and data harvesting.

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