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CFPB Updates Rules For BNPL Providers, Creates Same Protections For Consumers As Credit Cards |...
Crowdfund Insider· 4 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 ...
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 ...
BNPL: CFPB acts to ensure consumers can dispute charges and obtain refunds
Electronic Payments via Yahoo Finance· 5 days agoThe Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule confirming that BNPL...
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 ...
CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer...
JD Supra· 3 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
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...
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 Issues “Interpretive Rule” Deeming BNPL Providers Card Issuers | JD Supra
JD Supra· 3 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 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...