Yaacov Martin highlights the recent CFPB mandate requiring Buy Now, Pay Later (BNPL) providers to follow the same consumer protection standards as credit card companies. This significant shift aims to enhance consumer rights, ensuring timely dispute resolution and refunds.
Following the CFPB’s ruling, how will the competition between banks, traditional lenders, and BNPL providers change?
Will banks be better positioned to compete in the BNPL space thanks to the new regulations?
How can this ruling contribute to a more responsible and transparent credit ecosystem?
Yaacov answers these questions and more in his exclusive interview with Crowdfund Insider.
