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New rule extends credit card protections to buy now, pay later purchases
KOMO Seattle· 21 hours agoBeginning later this year, consumers who use Buy Now, Pay Later (BNPL) services should have an...
CFPB Considering Increased Regulation of Credit Card Rewards Programs | JD Supra
JD Supra· 7 days agoOn May 9, 2024, the CFPB released a comprehensive report detailing its findings on challenges reported by consumers regarding their credit card rewards programs. This report ...
Buy now, pay later companies must adhere to credit card rules
Los Angeles Times· 18 hours agoBuy now, pay later loans are typically marketed as zero interest or low interest, and they allow...
SCOTUS Upholds CFPB Funding Mechanism | JD Supra
JD Supra· 7 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 ...
Buy Now, Pay Later Plans Could Be Counted as Credit Cards, CFPB Says
CNET· 4 days agoAll your buy now, pay later plans might soon be treated as credit card purchases. At least, that’s...
CFPB Announces Extensions to Section 1071 Compliance Deadlines | JD Supra
JD Supra· 4 days agoOn May 17, 2024, the Consumer Financial Protection Bureau (CFPB) announced its intention to extend the deadlines for compliance with Section 1071 of...
The CFPB Lives On and Arbitrable Lawsuits Must Be Stayed (Not Dismissed) | JD Supra
JD Supra· 6 days agoThe Supreme Court was busy last week issuing opinions of interest to consumer finance companies, CFPB-regulated entities, and anyone who finds themselves enforcing arbitration ...
CFPB Says Buy Now, Pay Later Firms Must Comply With US Credit Card Laws - Slashdot
Slashdot· 4 days agoThe Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal protections as users of credit cards. From a ...
CFPB to treat BNPL loans like credit cards
Banking Dive· 6 days agoThe Consumer Financial Protection Bureau issued a new rule Wednesday saying that buy now, pay later companies are credit card providers, and must provide similar consumer protections as credit ...
The CFPB Determines "Buy Now, Pay Later" Providers Are Card Issuers under Regulation Z | JD Supra
JD Supra· 3 days agoYesterday, the Consumer Financial Protection Bureau (CFPB) released an interpretive rule stating that “Buy Now, Pay Later” (BNPL) providers are “card issuers” and “creditors ...
