Bill Maurer

“The CFPB [Consumer Financial Protection Bureau] will probably be made to scale back some of its efforts,” predicted Bill Maurer, the director of the University of California Irvine’s Institute for Money, Technology and Financial Inclusion. The professor expects to see some aspects of the payments industry change as new Trump regulators segue to more lenient measures. “[Buy now, pay later] will be unleashed, and probably move to other sectors besides retail,” he said. Plus, the agency’s efforts to treat BNPL more like credit cards may evaporate, Maurer said.

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