BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
The FinTech IPO Index lost 2.6% as earnings trickled in.
The buy now pay later (BNPL) space, arguably, held sway — dominating headlines as the Consumer Financial Protection Bureau (CFPB) weighed in with new oversight over providers.
The CFPB Weighs In
As PYMNTS reported Wednesday (May 22), The CFPB ruled that BNPL vendors are credit card providers and must provide some key legal protections and rights delivered by conventional credit cards. That includes, for example, the...
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