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CFPB Shifts Course on Buy Now, Pay Later: Interpretive Rule Revoked, Legal Challenge Implications

Retrieved on: 2025-04-03 22:35:10

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CFPB Shifts Course on Buy Now, Pay Later: Interpretive Rule Revoked, Legal Challenge Implications. View article details on hiswai:

Summary

The article discusses the Consumer Financial Protection Bureau's (CFPB) plans to revoke a rule equating 'Buy Now, Pay Later' (BNPL) providers with credit card issuers under the Truth in Lending Act. This decision impacts fintech, contract law, and companies like Affirm Holdings, Inc., as it alleviates some regulatory burdens but maintains future regulatory scrutiny.

Article found on: www.jdsupra.com

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