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JD Supra: CFPB Fines and Bans Coding Bootcamp over Deceptive Student Lending Practices
JD Supra· 24 hours agoOn April 17, the CFPB issued a consent order against a San Francisco-based for-profit coding school and its and CEO, banning it from lending to consumers, after it found that ...
Feeding the Loot Box Monster: The CFPB's Concerns with Payment Transmission in Gaming | JD Supra
JD Supra· 6 days agoOn May 9, 2024, we published our first article in a series of articles on the CFPB's interest in gaming. Back on April 4, 2024, the Consumer Financial Protection Bureau (" ...
Buy Now, Pay Later Needs Credit Card-Like Oversight, CFPB Says
Bloomberg· 1 day agoBuy now, pay later lenders such as Block Inc.’s Afterpay, Affirm Holdings Inc. and Klarna Bank AB...
US consumer watchdog will apply credit card rules to buy now, pay later companies
Colorado Springs Gazette· 1 day ago"Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled...
Buy now, pay later lenders now have to follow U.S. credit card rules. Here’s what that means
Quartz· 1 day agoThe Wild West of buy-now, pay-later systems is getting reined in. On Wednesday, the U.S. Consumer...
Consumer watchdog classifies ‘buy now, pay later’ apps as credit cards - The Boston Globe
The Boston Globe· 17 hours agoKlarna, a BNPL provider, called the rule “a significant step forward,” saying it already adheres to...
The Supreme Court has emboldened the CFPB, threatening American consumers
The Hill· 3 days agoIn a recent decision, the Supreme Court upheld the Consumer Financial Protection Bureau (CFPB)...
Buy Now, Pay Later Companies Must Adhere to Credit Card Standards, Consumer Agency Says
US News & World Report· 16 hours agoThe agency began an inquiry into the short-term lending industry two years ago, and it issued the rule in response to ongoing consumer complaints, it said. Buy now, pay later loans are typically ...
Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny
The Wall Street Journal· 7 days ago“The Court repudiated the arguments of the payday loan lobby and made it clear that the CFPB is here...
JD Supra: CFPB Levels Up: Consumer Risks in Gaming Draws Regulatory Scrutiny
JD Supra· 5 days agoOn April 4, 2024, the CFPB released an Issue Spotlight that dives deeply into a realm the agency had not previously traversed—video games and virtual worlds. The ...