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Government Oversight, Nonbank Financial
Tuesday, October 11, 2022
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In a recent blog post from the Federal Trade Commission (FTC), the commission said buy now, pay later (BNPL) must comply with the FTC Act “immediately.” The FTC reminded nonbank participants in the BNPL market that they could be liable for FTC Act violations based on the information they communicate to consumers and how they communicate that information.
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