AFC Urges Oregon to Rethink BNPL Licensing Beneath Payday Guidelines

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The American Fintech Council (AFC) has submitted a proper remark letter to Oregon’s Division of Monetary Regulation, pushing again in opposition to a proposed bulletin that may convey buy-now-pay-later merchandise underneath the state’s current payday lending and client finance licensing framework. The AFC argues the method conflates two essentially completely different credit score constructions and requires a bespoke rulemaking…

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