New York Moves to Tighten Reins on Buy Now, Pay Later Industry with Formal Regulatory Framework
By PYMNTS | July 15, 2026 In a significant pivot for the financial technology landscape, the New York State Department of Financial Services (DFS) officially unveiled a comprehensive proposal on Wednesday, July 15, 2026, aimed at establishing a robust licensing and supervision framework for Buy Now, Pay Later (BNPL) providers. This move represents a major…
