Affirm, Klarna, and Afterpay’s ‘pay in four’ products will now have credit card-like protections

May 22 2024 by Fast Company

The CFPB’s new ruling will go into effect in 60 days.

The 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 Wednesday, in a bid to impose more oversight on the fast-growing sector.

Continue Reading Affirm, Klarna, and Afterpay’s ‘pay in four’ products will now have credit card-like protections