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CFPB Establishes New Obligations for Covered Nondepository Institutions Subject to Judicial or...
JD Supra· 10 hours agoOn June 3, 2024, the Consumer Financial Protection Bureau imposed a new set of regulatory obligations on nondepository ...
Will Regulators’ Public Shaming Blunt Innovation?
PYMNTS.com· 37 minutes agoAs has been reported in recent days, the Consumer Financial Protection Bureau (CFPB) issued a final rule to establish ...
New CFPB Interpretive Rule to Regulate BNPL | JD Supra
JD Supra· 1 day agoThe Consumer Financial Protection Bureau (CFPB ) has issued an interpretive rule stating that Buy Now, Pay Later ( ...
Wiley Consumer Protection Download (June 4, 2024) | JD Supra
JD Supra· 10 hours agoSupreme Court Upholds CFPB Funding Structure as Constitutional. On May 16, the U.S. Supreme Court held that Congress may allow the CFPB to draw money from the Federal Reserve System consistent with the Constitution’s Appropriations Clause.
CFPB Applies Credit Card Rules to 'Buy Now, Pay Later' Lenders | JD Supra
JD Supra· 10 hours agoGiven that traditional BNPL products do not involve a finance charge and are repayable in four or fewer installments, many provisions of Regulation Z do not apply to BNPL ...
Where to Begin With the CFPB's "Buy Now, Pay Later" Interpretative Rule... | JD Supra
JD Supra· 1 day agoThe Consumer Financial Protection Bureau's interpretative rule provides that traditional "Buy Now, Pay Later" (BNPL ...
Harvard fellow: CFPB's 'buy now, pay later' regulation isn't enough — nothing 'substantively...
CNBC· 2 days agoThe Consumer Financial Protection Bureau declared in May that buy now, pay later customers should...
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 20 hours agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, ...
CFPB Issues Interpretive Rule Classifying BNPL Products as ‘Credit Cards’
The National Law Review· 2 days agoOn May 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued a significant Interpretive...
CFPB issues warning on ‘fine-print tactics‘ used to ‘trick‘ consumers - HousingWire
HousingWire· 1 day agoOn an enforcement streak since the U.S. Supreme Court rejected a challenge to its funding mechanism...