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‘Regulation is needed;’ New rules could make Buy Now Pay Later apps work more like credit cards
WHIO via Yahoo Finance· 1 day ago“I do think more regulation is needed here on a few fronts,” Rossman said. The...spending too much,...
As rewards credit cards face regulation, what are the alternatives?
USA Today· 6 days agoRewards credit cards are not for everyone. There are other ways to pay for travel, including debit...
CFPB Issues Interpretive Rule Designating BNPL Providers as Card Issuers Subject to Regulation Z |...
JD Supra· 2 days agoAs a result, such BNPL providers will be subject to certain provisions of Regulation Z. The interpretive rule highlights the CFPB’s expansive view of what ...
CFPB issues rule to classify BNPL as credit cards - CUInsight
CUInsight.com· 7 days agoThe CFPB Wednesday announced an interpretive rule to apply some, but not all, of the consumer...
Credit Card Late Fee Suit’s Transfer to Washington Put on Hold
Bloomberg Law· 14 hours agoJudge Mark Pittman of the US District Court... of Texas transferred the case to the federal district court in Washington late Tuesday, noting that no banks subject to the rule
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 7 days agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
Consumer Watchdog: Buy Now, Pay Later Apps Must Play by Same Rules as Credit Cards
Sourcing Journal via Yahoo Finance· 6 days agoThe Consumer Financial Protection Bureau this week issued an interpretive rule establishing BNPL...
New CFPB Rule Classifies “Buy Now, Pay Later” Lenders as Credit Card Issuers | JD Supra
JD Supra· 2 days agoOn May 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule that redefines the regulatory framework for Buy Now, Pay Later (BNPL) lenders, ...
CFPB Interpretive Rule Holds That BNPL Lenders Are Credit Card Providers
The National Law Review· 6 days agoOn May 22, the CFPB announced an interpretive rule confirming that Buy Now, Pay Later (BNPL) lenders...
New rule extends credit card protections to buy now, pay later purchases
KOMO Seattle· 4 days agoBeginning later this year, consumers who use Buy Now, Pay Later (BNPL) services should have an...