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The CFPB Determines "Buy Now, Pay Later" Providers Are Card Issuers under Regulation Z | JD Supra
JD Supra· 24 hours 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 ...
CFPB Interpretive Rule Holds That BNPL Lenders Are Credit Card Providers
The National Law Review· 12 hours agoOn May 22, the CFPB announced an interpretive rule confirming that Buy Now, Pay Later (BNPL) lenders...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 1 day 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
JD Supra: CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads’ Employment...
JD Supra· 13 hours agoInstitute of Technology, and its CEO, Austen Allred, for mischaracterizing BloomTech’s income-share agreements (ISAs) and misrepresenting its graduates’ employment rates. According to the < ...
CFPB Issues “Interpretive Rule” Deeming BNPL Providers Card Issuers | JD Supra
JD Supra· 24 hours 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 Considering Increased Regulation of Credit Card Rewards Programs | JD Supra
JD Supra· 5 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 ...
Good News for Shoppers Who Love Buy-Now, Pay-Later Programs
Time Magazine· 14 hours agoThe Consumer Financial Protection Bureau (CFPB) issued a new interpretive rule on Wednesday that...
‘This is just the beginning of CFPB regulation of the BNPL industry’ – regulatory experts
Retail Banker International via Yahoo Finance· 2 days agoHowever, watch this space and watch the bad debt treatment unwind – the blatant stunt of comparing...
How to protect your credit card rewards as CFPB responds to a surge in customer complaints
Yahoo Personal Finance· 18 hours agoAmid rising complaints, the CFPB is taking a close look at credit card reward programs. While...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 24 hours agoUntil recently, the most popular topic of discussion in the financial services world has been the outcome of the Supreme Court case CFPB v. Community Financial Services Association ...