Look at how the new CFPB says that "buy now, pay later" is "good" for consumers! Nonsense, it's a trap! Ask any consumer advocate! We all oppose BNPL! Just another way to trick you out of your money!
The warning needs to go out to all financial institutions that just because the current CFPB isn’t pursuing these illegal activities, the laws have not changed!
AdvocateAndy is correct that the new and so-called "leadership" of the CFPB is trying hard to destroy it!
Look at how the new CFPB says that "buy now, pay later" is "good" for consumers! Nonsense, it's a trap! Ask any consumer advocate! We all oppose BNPL! Just another way to trick you out of your money!
The warning needs to go out to all financial institutions that just because the current CFPB isn’t pursuing these illegal activities, the laws have not changed!
Absolutely, Judy - and state agencies - Attorneys General - can take action. and they should.