Comment Letter: CFPB Inquiry into Buy Now Pay Later Industry

Woodstock Institute signed onto a coalition letter led by Consumer Federation of America, Center for Responsible Lending, and the National Consumer Law Center to the CFPB responding to the Bureau’s inquiry into Buy Now Pay Later (BNPL) providers. The letter urges the CFPB to view BNPL products as credit cards covered by the Truth in Lending Act (TILA) and look out for practices in the industry that harm consumers.

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