Ballard Spahr LLP recently issued the following announcement.
The popularity of buy-now-pay-later (BNPL) credit with consumers has been growing, with the COVID-19 pandemic likely triggering a spike in its use. Increasing popularity of the credit has not gone unnoticed by regulators either. The Consumer Financial Protection Bureau recently published a blog post warning consumers of BNPL credit risks, foreshadowing the possibility of increased scrutiny by federal and state regulators.
In this webinar, we will take a close look at transactional and regulatory issues raised by BNPL credit. Topics will include:
- The definition of BNPL credit and features of BNPL credit products
- How BNPL credit impacts negotiations of financial services product agreements for merchants
- Privacy and data security issues, including Fair Credit Reporting Act considerations
- Other applicable federal consumer financial services laws and regulations
- Applicable state consumer financial services laws and regulations
- Licensing considerations
Date: August 18, 2021
Original source can be found here.