The CFPB has announced plans to withdraw its May 2024 interpretive rule that subjected buy-now, pay-later (BNPL) products to regulations applicable ...

In a surprise move, the Consumer Financial Protection Bureau said that it will not enforce or supervise lenders for the final ...

The Consumer Financial Protection Bureau is set to perform another U-turn, dropping an interpretive rule declaring that ...

The Consumer Financial Protection Bureau (CFPB) recently announced a significant change in its approach to the burgeoning "buy now, pay later" ...

“We applaud the CFPB for committing to revoke the Buy Now Pay Later (BNPL) interpretive rule,” FTA President and CEO Penny Lee said Friday in an emailed statement. “This interpretive rule ...

After eight years of delay, the Consumer Financial Protection Bureau could still make last-minute changes to the payday rule, ...

CFPB is poised to abandon interpretive rule that would have subjected BNPL "pay-in-four" lenders to same regulatory framework ...

and how you can protect yourself if you're considering a BNPL loan. In 2024, the CFPB issued an interpretive rule that effectively determined that BNPL lenders are credit card providers.

The rule, finalized in March 2023, touched off a flurry of litigation. Within a month, a Texas bank and the state’s banking trade group sued the CFPB over the rule. Chief Judge Randy Crane of ...

"Regulatory relief for small loan providers" was how the Trump administration described its decision not to prioritize ...

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CFPB Oversight of BNPL In 2024, the CFPB issued an interpretive rule that effectively determined that BNPL lenders are credit card providers. The rule followed a study that identified inconsistent ...