Lipstick on a pig

Lipstick on a pig: The feds now consider buy now, pay later (BNPL) apps a type of credit card. Uh, ya think? Now, buyers will get the same refund and fraud protections they do with plastic while they’re putting off those payments. BNPL companies say they’re a totally different model. Nope.

Tags: apps, buy, companies, credit, credit card, fraud, Now, refund