CFPB Announces Enforcement Actions on Buy Now, Pay Later Loans

CFPB spurns BNPL rule

Enforcement actions against buy now, pay later players won’t be a priority, with the possible exception of those related to service members or veterans, the bureau said.

Trump's CFPB drops enforcement of buy now, pay later rule in latest rollback of consumer protections

The CFPB said Tuesday it will stop enforcing a Biden-era rule treating buy now, pay later firms like credit card lenders.

Buy Now, Pay Later a Sign of the Times

We're still taking out microloans for everything from Coachella to basic necessities.

CFPB Announces Enforcement Actions on Buy Now, Pay Later Loans

Tweet WASHINGTON, D.C. — The Consumer Financial Protection Bureau is announcing today that it will not prioritize enforcement actions taken on the basis of the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47,068 (May 31, 2024) (“Buy Now, Pay Later”). The Bureau will instead keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servic…

Nearly half of buy now, pay later users say they've had problems like overspending

Bankrate surveyed buy now, pay later users on their experiences.

CFPB will not enforce BNPL rule

The bureau announced Tuesday it will no longer prioritize enforcement of its buy now, pay later (BNPL) rule and instead keep enforcement focused on “pressing threats to consumers.”