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BNPL regulation requires balancing act

Back in September, the U.S. Consumer Financial Protection Bureau issued a report suggesting that companies like Klarna and Afterpay might be subject to stricter oversight in the future.

As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry’s growth and limit its availability, as this could have a detrimental impact on both merchants and consumers. Instead, regulators should work to strike a balance between protecting consumers while ensuring that BNPL services remain a viable option for those who need them.

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