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Court Considers FTC s Ability to Seek Monetary Relief Post-AMG | Proskauer - Advertising Law
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FTC Ability to Seek Monetary Relief Post-AMG Considered by Court
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Consumer Protection/FTC Advisory: ROSCA: The FTC s New Path To Monetary Damages? - Consumer Protection
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On July 6, the CFPB posted a blog titled, “Should you buy now and pay later?” describing how buy now pay later (BNPL) deferred payment options work, and the benefits and risks that come with BNPL. Generally, if a consumer selects the BNPL option at an online checkout, “the purchase is . . . split into a payment schedule – typically four fixed payments made bi-weekly or monthly until the balance is paid in full.” The CFPB points out that transaction approval takes minutes, with no interest, finance charges, or hard credit inquiries.
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