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Consumer Reports and National Consumer Law Center comment letter on the CFPB’s Buy Now, Pay Later interpretive rule

In a comment letter filed with the CFPB, Consumer Reports and the National Consumer Law Center  offered strong support for the Bureau’s interpretive rule on Buy Now, Pay Later credit and called for additional protections for borrowers that currently only apply to credit card purchases. CR and NCLC also joined a shorter comment letter submitted by a coalition of 90 consumer and civil rights groups.

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