Onyema Takes Aim at Hidden Costs of Buy Now Pay Later Loans

Fresh off leading the landmark Fair Price Protection Act, which banned surveillance pricing in the grocery industry, Assemblyman Chigozie U. Onyema (D-28) introduced legislation to strengthen consumer protections in the buy now, pay later (BNPL) lending industry. Known as the “Buy Now, Pay Later Act,” Bill A5664 would establish licensing requirements for lenders and enhance[...] The post Onyema Takes Aim at Hidden Costs of Buy Now Pay Later Loans appeared first on Insider NJ.

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