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Buy Now, Pay Later Needs Credit Card-Like Oversight, CFPB Says |
Buy now, pay later Lenders such as Block Inc.’s Afterpay, Affirm Holdings Inc. and Klarna Bank AB should be treated somewhat like credit card providers, according to a U.S. financial regulator. The U.S. Consumer Financial Protection Bureau published a new interpretation of existing laws and regulations on Wednesday to make clear that just like credit cards […]