Advertisement
Singapore markets closed

  • Straits Times Index

    3,297.55
    -26.98 (-0.81%)
     

  • Nikkei

    38,814.56
    +94.09 (+0.24%)
     

  • Hang Seng

    17,941.78
    -170.85 (-0.94%)
     

  • FTSE 100

    8,146.86
    -16.81 (-0.21%)
     

  • Bitcoin USD

    66,160.48
    +600.37 (+0.92%)
     

  • CMC Crypto 200

    1,402.91
    -14.97 (-1.06%)
     

  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     

  • Dow

    38,589.16
    -57.94 (-0.15%)
     

  • Nasdaq

    17,688.88
    +21.32 (+0.12%)
     

  • Gold

    2,348.40
    +30.40 (+1.31%)
     

  • Crude Oil

    78.49
    -0.13 (-0.17%)
     

  • 10-Yr Bond

    4.2130
    -0.0250 (-0.59%)
     

  • FTSE Bursa Malaysia

    1,607.32
    -2.85 (-0.18%)
     

  • Jakarta Composite Index

    6,734.83
    -96.73 (-1.42%)
     

  • PSE Index

    6,383.70
    -7.13 (-0.11%)
     

Affirm, PayPal, Square Stocks Are Dropping. A New CFPB Rule Could Be Why.

Emily Dattilo
·1-min read
Affirm, PayPal, Square Stocks Are Dropping. A New CFPB Rule Could Be Why.

A trio of payment stocks were trading lower Wednesday after the Consumer Financial Protection Bureau issued an interpretive rule that confirms “buy now, pay later” lenders are credit-card providers. Affirm Holdings dropped 6.7%, while PayPal Holdings slipped 3.2%, and Block fell 5.9% in afternoon trading. BNPL lenders “must provide consumers some key legal protections and rights that apply to conventional credit cards,” according to the CFPB.

Continue reading