On July 18, 2024, the Consumer Financial Protection Bureau (the “CFPB” or “Bureau”) proposed an interpretive rule that states (1) EWA products fall under the definition of “credit” under the Truth in ...
The Consumer Financial Protection Bureau (CFPB ) has issued an interpretive rule stating that Buy Now, Pay Later (BNPL) loan providers are "card issuers" under Subpart B of Regulation Z and are thus ...
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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
The Consumer Financial Protection Bureau has been issuing a barrage of rules and enforcement actions ahead of next year's change in the White House, including an interpretive rule on buy now/pay later ...
The Consumer Financial Protection Bureau is planning to revoke its interpretive buy now/pay later rule that classified Pay in 4 loans as credit cards as the agency continues to undo former Director ...
The Financial Technology Association (FTA) this week spoke out against the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on BNPL products. FTA president and CEO Penny Lee said ...
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Trump’s New Rules Will Wreck People’s Credit
President Donald Trump’s administration is about to ruin a lot of people’s credit. A new interpretative rule set published Tuesday by the Consumer Financial Protection Bureau will force people to ...
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