Regulatory scrutiny starts before Apple Pay Later even launches

When Apple said in July at WWDC22 it would launch Apple Pay Later with iOS 16, it effectively said it would enter the short-term loan business, known for “buy now, pay later” plans. So it’s no big surprise that the Cupertino tech giant — accustomed to regulatory scrutiny in the U.and abroad — is now facing it from financial industry regulators.

Link: Regulatory scrutiny starts before Apple Pay Later even launches
via http://www.cultofmac.com

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