Category: regulate

US Consumer Watchdog Plans to Regulate ‘Buy-Now, Pay-Later’ Companies

The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a rule to align sector…


CRTC Lacks Expertise to Regulate Online Streaming, YouTube: Experts

OTTAWA—Internet experts have cast doubt on whether the body the federal government wants to regulate streaming services and video-sharing platforms such as YouTube and Netflix has the expertise to do so. They have also questioned whether the Canadian Radio-television and Telecommunications Commission should be given new regulatory powers, or even if it fully understands how…