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

) 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.

The former president, in a typically loud post on his social media platform Truth Social, claimed that FBI agents had been authorized to use ‘deadly force’ during the raid of his Florida propertyIsraeli television aired previously withheld footage on Wednesday of five pyjama-clad female army conscripts being seized by Hamas gunmen during the Oct. 7 raid that triggered the Gaza war.

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Companies hoping to evade CFPB don't get what they want from Supreme CourtThe Supreme Court rejected an attempt to undercut funding of the CFPB, a financial watchdog that has clashed with companies since being created after the...
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US consumer watchdog will apply credit card rules to buy now, pay later companiesThe U.S. Consumer Financial Protection Bureau will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, the agency said on ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »