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Buy now, pay later services have to act more like credit card providers now
The US is regulating BNPL.
By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Buy now, pay later services — or BNPL for short — are now beholden to some of the same rules as credit card providers. On Thursday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule that classifies BNPL services as credit card providers and requires them to investigate disputed purchases, among other things.
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