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CFPB Goes on Offense, Faces New Challenges After High Court Win
Bloomberg Law· 3 days agoCourt. Its director, Rohit Chopra, said enforcement is now “firing on all cylinders.” The Supreme Court’s decision will have immediate and significant impact on the consumer finance industry ...
CFPB sues SoLo Funds, alleging it concealed costs from borrowers
Banking Dive via Yahoo Finance· 3 days agoThe fintech's tip structure inflates the APR on loans, but most loans aren't funded unless a tip is...
‘This is just the beginning of CFPB regulation of the BNPL industry’ – regulatory experts
Retail Banker International via Yahoo Finance· 2 days agoIt has been quite a week for the CFPB. On 16 May, it enjoyed a 7-2 win the Supreme Court in the key...
CFPB takes on BNPL
The Hill· 2 days agoThe CFPB says the move will bring “consistency” to the market. “Buy now, pay later” programs, also known as BNPL, allow consumers to pay for products in...
US Supreme Court Holds that the CFPB's Funding Structure Is Constitutional | JD Supra
JD Supra· 5 days agoOn 16 May 2024, in a much-anticipated decision, the US Supreme Court held the funding mechanism for the Consumer Financial Protection Bureau (CFPB) is constitutional. The ...
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 2 days agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
SCOTUS Upholds CFPB Funding Mechanism | JD Supra
JD Supra· 5 days agoIn a landmark decision issued on May 16, the Supreme Court held that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutionally sound, as it does ...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
NBC Bay Area· 3 days agoThe Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy...
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
PYMNTS.com· 3 days agoThe Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later...
CFPB Updates Rules For BNPL Providers, Creates Same Protections For Consumers As Credit Cards |...
Crowdfund Insider· 2 days agoYesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular ...
