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  Understanding the New Regulations for Buy Now, Pay Later (BNPL) Services Understanding the New Regulations for Buy Now, Pay Later (BNPL) Services Introduction: Why BNPL Services Are Transforming Consumer Spending Buy Now, Pay Later (BNPL) services have become increasingly popular, offering consumers an alternative way to manage their purchases. Services like Afterpay, Klarna, and Affirm allow users to split their payments into manageable installments, often without interest, providing an appealing alternative to traditional credit cards. However, with the growth of BNPL services, regulatory bodies like the Consumer Financial Protection Bureau (CFPB) have introduced new rules to ensure consumer protection. This article delves into these new regulations, their impact on consumers, and how to use BNPL services responsibly. What Are Buy Now, Pay Later (BNPL) Services? BNPL services let consumers buy items immediately and pay for them over time through a series of installments. These serv