12min chapter

Fintech Takes cover image

S7 E9: Fintech Recap: Synapse vs. the World, Visa Flex Credential, Buy Now Pay Later Reclassified as a Credit Card

Fintech Takes

CHAPTER

Navigating Regulatory Challenges in Buy Now Pay Later Services

This chapter explores the regulatory landscape and differing opinions regarding the classification of Buy Now Pay Later (BNPL) services as credit products. It discusses issues like consumer protection, reporting to credit bureaus, and managing disputes, alongside a lawsuit involving deceptive practices by a company and Revolut's innovative approach to combat fraud.

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