Tag: Senators
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Senators prod CFPB on BNPL oversight
Senators Prod CFPB on BNPL Oversight A group of Senators has urged the Consumer Financial Protection Bureau (CFPB) to enhance its oversight on Buy Now Pay Later (BNPL) services, citing concerns for potential predatory practices and adequate consumer protection. Buy Now Pay Later has gained immense popularity in recent years, as it allows consumers to…
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Senators keep pressure on PayPal, Block
Senators Keep Pressure on PayPal, Block Recent developments in the ongoing battle between senators and online payment processor PayPal have brought the issue to the forefront once again. Senators from various states are intensifying their efforts to put pressure on PayPal and its parent company, Block, in light of concerns over data security and potential…