What buy now, pay later looks like without the CFPB
U.S. News & World Report: Cathy Mansfield, senior instructor in law, said that the CFPB’s regulatory power over “buy now, pay later” lenders is at risk, potentially rolling back consumer protections. Without oversight, lenders may reintroduce predatory fees and aggressive lending. “CFPB is halted in its boots and we’re all going to pay for it,” she said.
Cathy Lesser Mansfield