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

To print this article, all you need to do is be registered or log in to Mondaq.com.

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.

Click here to read more.

Originally posted by S&P Global Market Intelligence.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: US Consumer Protection

Vermont Automatic Renewal of Consumer Contracts Act

Klein Moynihan Turco LLP

In the state of Vermont, the “Automatic Renewal Provisions in Consumer Contracts” (“Vermont Auto-Renewal Law”) governs agreements between a consumer and a seller…

Previous New Final Fantasy VII collectible alarm clock
Next State Bank of India seeks accountability over future retail store takeovers