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Proposed rule will give buy now, pay later customers greater protection

You'll be protected just like you are with a credit card

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Thanks to a new proposed rule by the Consumer Financial Protection Bureau (CFPB), buy now, pay later (BNPL) companies, such as Afterpay, Klarna, and Affirm, face a changing landscape. 

Under the rule, when you split your purchases into installments, BNPL must play by the same rules as credit cards, which means greater protection for you and, hopefully, a lot less to complain about.

“We are encouraged that the CFPB is promoting consistent industry standards, many of which ...

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