The parties jointly requested to stay the case pending revocation of the rule. Putting It Into Practice: The CFPB’s withdrawal of the BNPL interpretive rule signals a lighter regulatory touch on ...

"We were encouraged by the CFPB's proposed interpretive rule on BNPL and appreciated the bureau's effort to ... with regard to any penalties or fines associated with the Payment Withdrawal provisions ...

"Regulatory relief for small loan providers" was how the Trump administration described its decision not to prioritize enforcing a rule meant to protect people who are financially struggling from ...

“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 ...

The Consumer Financial Protection Bureau (CFPB) is poised to abandon its interpretive rule that would have subjected buy now, pay later (BNPL) “pay-in-four” lenders to the same regulatory ...

The CFPB intends to revoke its Buy Now, Pay Later interpretive rule, according to a status report and joint motion to stay filed by the Bureau and ...

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A federal judge in Texas tossed a former President Biden-era Consumer Financial Protection Bureau (CFPB) rule that capped credit card late fees at $8 after both sides on the issue agreed that it ...

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 ...

The Consumer Financial Protection Bureau has sided with bank trade groups in asking a federal court to dismiss the credit card late fee rule. The CFPB's chief legal officer claimed in court documents ...