Best Buy Program News Today

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Regulators aim at BNPL to bring some credit-card-like structure to Buy Now Pay Later (BNPL) borrowing, as we see in the UK market, where there is an effort to install Ability to Repay (ATR) tests and more transparent disclosures.  Without a concise definition of what BNPL means to consumers, there appear to be further developments on how credit-impaired consumers can get in on the latest financing tool. The Washington Post reports today on Best Buy’s latest option in an article titled: A Bes...