Sen. Brown: Senators Urge CFPB to Take Action to Ensure Transparency & Oversight of Buy Now Pay Later Products & Providers
December 16, 2021
December 16, 2021
WASHINGTON, Dec. 16 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
As more Americans do their holiday shopping online and more online retailers offer consumers a financial technology twist on old-fashioned installment loans that could pose risks to consumers, six U.S. Senators are urging regulators to strengthen oversight and keep up with the growth of these "buy now, pay later" (BNPL) products and providers.
Today, U.S. Senator Jack Reed (D . . .
As more Americans do their holiday shopping online and more online retailers offer consumers a financial technology twist on old-fashioned installment loans that could pose risks to consumers, six U.S. Senators are urging regulators to strengthen oversight and keep up with the growth of these "buy now, pay later" (BNPL) products and providers.
Today, U.S. Senator Jack Reed (D . . .