Rapid growth of Buy Now, Pay Later lures regulators as products evolve – Consumer Protection

United States: Buy Now, Pay Later’s Rapid Growth Attracts Regulators As Products Evolve

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The CFPB “signalled that it had concerns about the product and in particular…about the cost which may not be so clear to consumers,” partner Allen Denson said. S&P Global Market Intelligence regarding increased regulatory scrutiny of buy-now, pay-later loan programs — short-term, small, interest-free installment financing options offered to consumers at the time of a purchase.

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Originally posted by S&P Global Market Intelligence.

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