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CFPB Considering Increased Regulation of Credit Card Rewards Programs | JD Supra
JD Supra· 6 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 ...
‘This is just the beginning of CFPB regulation of the BNPL industry’ – regulatory experts
Retail Banker International via Yahoo Finance· 3 days agoHowever, watch this space and watch the bad debt treatment unwind – the blatant stunt of comparing...
The CFPB Determines "Buy Now, Pay Later" Providers Are Card Issuers under Regulation Z | JD Supra
JD Supra· 2 days agoThe CFPB made this determination by interpreting the term “credit card” under Regulation Z to include a digital user account that a consumer can use through ...
Buy now, pay later companies must adhere to credit card rules
Los Angeles Times· 4 hours agoBuy now, pay later loans are typically marketed as zero interest or low interest, and they allow...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 3 days agoOn May 13, 2024, the CFPB and Federal Reserve Board ("FRB") jointly announced adjusted dollar amounts relating to the availability of customer funds. In 2019, the
CFPB Interpretive Rule Holds That BNPL Lenders Are Credit Card Providers
The National Law Review· 2 days agoOn May 22, the CFPB announced an interpretive rule confirming that Buy Now, Pay Later (BNPL) lenders...
CFPB tightens rules for buy now, pay later lenders
FOX Business· 4 days agoThe Consumer Financial Protection Bureau (CFPB) on Wednesday announced it will impose some of the same rules on buy now, pay later (BNPL) lenders that...
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
PYMNTS.com· 4 days ago“Regardless of whether a shopper swipes a credit card or uses buy now, pay later, they are entitled...
CFPB Issues “Interpretive Rule” Deeming BNPL Providers Card Issuers | JD Supra
JD Supra· 2 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 ...
How to protect your credit card rewards as CFPB responds to a surge in customer complaints
Yahoo Personal Finance· 2 days agoAmid rising complaints, the CFPB is taking a close look at credit card reward programs. While...