Conn. A.G. Tong Urges CFPB to Protect Consumers From Buy-Now-Pay-Later Lending Industry
March 29, 2022
March 29, 2022
HARTFORD, Connecticut, March 29 -- Connecticut Attorney General William Tong issued the following news release on March 28, 2022:
Attorney General William Tong today joined a coalition of 19 attorneys general urging the Consumer Financial Protection Bureau (CFPB) to ensure that buy-now-pay-later (BNPL) lenders are not engaging in practices that trap consumers in a cycle of debt. BNPL loans are a form of point-of-sale financing that allow consumers to divide the cost of purchases int . . .
Attorney General William Tong today joined a coalition of 19 attorneys general urging the Consumer Financial Protection Bureau (CFPB) to ensure that buy-now-pay-later (BNPL) lenders are not engaging in practices that trap consumers in a cycle of debt. BNPL loans are a form of point-of-sale financing that allow consumers to divide the cost of purchases int . . .