Consumer watchdog to regulate ‘buy now, pay later’ lenders as credit cards
The government’s consumer watchdog took action Wednesday. Categorize popularity Buy now, pay later applications can now be used as credit cards, extending customer protection to millions of users, including the ability to dispute charges and request refunds. Buy now, pay later programs, also known as BNPL, allow consumers to pay for products in interest-free installments. […]
Groups call for investigation into NY state pension funds over possible ties to ‘predatory’ legal lenders
A newly assembled coalition of critics has called for an investigation into New York’s pension funds to find out whether their huge accounts support the seedy world of third-party legal lending. a wide range of groups – Representing businesses, workers and governments – Asking State Auditor Tom DiNapoli and City Auditor Brad Lander to take […]