Payments News Update – July 26, 2024
Posted 07/26/24
Legal and Regulatory Developments
SPOTLIGHT: BNPL Firms Ask for 5 More Months to Prepare for CFPB Rules
PYMNTS – July 17, 2024
The end of the month is speeding toward the buy now, pay later (BNPL) industry — and with it, new rules and regulations regarding consumer disputes and new operational burdens in the drive toward compliance.
The Consumer Financial Protection Bureau’s (CFPB) rule classifying...