Buy now, pay later companies must adhere to credit card standards, consumer agency says

Rohit Chopra

FILE – Consumer Financial Protection Bureau Director Rohit Chopra speaks from the South Court Auditorium on the White House complex in Washington, April 11, 2022. The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders. (AP Photo/Jacquelyn Martin, File)