States scrutinize the risks behind BNPL

Consequences for compliance professionals include ensuring accurate and consistent reporting as well as aligning marketing claims with true practices.

A coalition of seven state attorneys general has launched a sweeping inquiry into the business practices of the country’s largest buy now, pay later (BNPL) lenders, signaling a new phase of scrutiny for an industry that has expanded faster than its regulatory framework.

Led by Connecticut Attorney General William

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