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Was it a pyrrhic victory for the Supreme Court in CFSA v. CFPB? | JD Supra
JD Supra· 5 days agoLeft untouched by the Supreme Court is the statutory question of whether the CFPB and the Federal Reserve Board complied with the requirements of Dodd-Frank in connection ...
CFPB to treat BNPL loans like credit cards
Banking Dive· 7 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 ...
CFPB Says Buy Now, Pay Later Firms Must Comply With US Credit Card Laws - Slashdot
Slashdot· 6 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 Announces Extensions to Section 1071 Compliance Deadlines | JD Supra
JD Supra· 5 days agoOn May 17, 2024, the Consumer Financial Protection Bureau (CFPB) announced its intention to extend the deadlines for compliance with Section 1071 of...
Buy now, pay later programs must adhere to credit card standards, consumer agency says
KOAA5· 19 hours agoThe agency began an inquiry into the short-term lending industry two years ago, and it issued the...
CFPB Shuts Down Debt Relief Provider Over Fraudulent Student Loan Practices
The National Law Review· 4 days agoOn May 20, the CFPB settled an enforcement action against a California-based telemarketing firm for...
CFPB Issues “Interpretive Rule” Deeming BNPL Providers Card Issuers | JD Supra
JD Supra· 4 days agoThe result of the CFPB’s multi-year study of the BNPL industry is what the CFPB calls an interpretive rule in which it finds that: (1) “digital user accounts ...
CFPB Interpretive Rule Holds That BNPL Lenders Are Credit Card Providers
The National Law Review· 4 days agoOn May 22, the CFPB announced an interpretive rule confirming that Buy Now, Pay Later (BNPL) lenders...
CFPB issues rule to classify BNPL as credit cards - CUInsight
CUInsight.com· 5 days agoThe CFPB Wednesday announced an interpretive rule to apply some, but not all, of the consumer...
Buy now, pay later companies must adhere to credit card standards, CFPB says - Maryland Daily Record
The Daily Record· 5 days agoThe agency began an inquiry into the short-term lending industry two years ago, and it issued the...