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The Biden administration announced that "buy now, pay later" (BNPL) services must now offer the same consumer protections as credit cards, according to a new ruling from the Consumer Financial Protection Bureau (CFPB). BNPL users will be able to dispute charges and demand refunds for returned products, and companies will be required to investigate disputes and pause payments during investigations. The CFPB stated that these measures are intended to address consumer confusion in the BNPL market. Read more here: https://hubs.la/Q02z4MSc0 Discover opportunities today: Assistant Compliance Director 📍 Dallas, Texas: https://hubs.la/Q02z4Q9T0 Director of Compliance 📍 Tampa, Florida: https://hubs.la/Q02z4GcH0

Biden admin grants more legal protections to 'buy now, pay later' users

Biden admin grants more legal protections to 'buy now, pay later' users

nbcnews.com

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