New rule makes BNPL sustainable in long term, experts say
Regulation, published by CFPB May 22, will prompt adjustments
The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say. The rule, published May 22 to take effect 60 days later, “makes the model more sustainable because [BNPL] has been around for a long time, it has […]
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