Buy now, pay later stocks sink as CFPB seeks new protections

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Consumer Financial Protection Bureau News

Julie Hyman,Josh Lipton,Consumer Protections

Buy now, pay later (BNPL) stocks (AFRM, PYPL, SQ) are trading lower today after the Consumer Financial Protection Bureau proposed a new rule that would force...

) are trading lower today after the Consumer Financial Protection Bureau proposed a new rule that would force lenders to adhere to the same consumer protections as credit cards.They're all lower today after the Consumer Financial Protection Bureau proposed a new rule that would force the lenders to adhere to the same consumer protections as credit cards.

Although a credit card company has to assess a borrower's ability to repay, they're not suggesting that the B NPL companies will have to do that.Just as an industry saw this big jump and usage as E commerce just exploded during the pandemic and now others have jumped in.

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