SQ - Affirm Paypal Block Shares Drop Following New BNPL Regulations | Benzinga
Shares of companies offering "Buy now, Pay later" (BNPL) point-of-sale loans are trading lower Thursday after the Consumer Financial Protection Bureau (CFPB) issued rules aimed at providing protections for consumers.
The Details:
The CFPB issued an interpretive rule that states BNPL lenders are effectively credit card providers and must provide consumers with many of the same basic protections.
The new consumer protection ...