CFPB Classifies Buy Now Pay Later Products as Credit Cards
CFPB determined that lenders issuing digital user accounts to access BNPL products are card issuers under Regulation Z because such accounts are credit cards.
Source: natlawreview.com
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CFPB determined that lenders issuing digital user accounts to access BNPL products are card issuers under Regulation Z because such accounts are credit cards.
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