The Paypers

DECEMBER 20, 2021

The US Consumer Financial Protection Bureau (CFPB) has announced that it’s launching a probe against five companies offering Buy Now, Pay Later (BNPL) services.

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Consumer Financial Protection Bureau (CFPB) BNPL CFPB Consumer 41

Neopay

MAY 28, 2024

Consumer Financial Protection Bureau (CFPB) issued a new interpretation under the existing Truth in Lending Act. Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations already on the books.”

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Credit Cards BNPL Consumer Financial Protection Bureau (CFPB) Regulations 52

Finovate

JUNE 6, 2024

Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. territories.

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Consumer Financial Protection Bureau (CFPB) Rules BNPL CFPB 52

PYMNTS

JANUARY 7, 2021

Add in one the soon to be two injections of cash via federal direct stimulus payments to middle- and low-income households, as well as a general preference within certain demographics to use other means of payment, such as buy now, pay later (BNPL), and the balance declines and commensurate FICO score hikes start to make more sense.

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Credit Cards Consumer Financial Protection Bureau (CFPB) Federal Reserve Consumer 94

FICO

OCTOBER 7, 2022

Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. Even more dramatic, PayPal, a relatively late arrival to the party, saw its BNPL volumes soar 226% year over year.

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BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

The Payments Association

MARCH 18, 2025

For payments firms, the intersection of payments and credit is becoming a competitive battleground, especially as BNPL and embedded lending scale. In the United States, open banking has developed through private-sector initiatives, with banks, fintechs, and data aggregators forming bilateral agreements to enable financial data-sharing.

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Finance Payment APIs and Integration Non-Bank Embedded Finance 88

FICO

JANUARY 5, 2023

Policy Predictions for Financial Services Companies. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. Four 2023 U.S. FICO Admin.

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BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

Finovate

DECEMBER 13, 2023

the Consumer Financial Protection Bureau (CFPB) has been studying the BNPL industry since at least late 2021. At the same time, the agency has also acknowledged a number of potential issues: discrete consumer harms, data harvesting, and overextension. The only question was when. In the U.S.,

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Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 64

The Paypers

MAY 7, 2025

The Consumer Financial Protection Bureau (CFPB) has announced that it dropped the enforcement actions of a BNPL rule declaring such providers as credit card issuers subject to the Truth in Lending Act.

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Consumer Financial Protection Bureau (CFPB) CFPB BNPL Card Issuer 36

Fintech Finance

MARCH 5, 2025

Buy Now, Pay Later (BNPL) fintech equipifi announced today that former Congressman and U.S. House Financial Services Committee Chair Patrick McHenry has joined as a Senior Advisor. consumers. ” BNPL is projected to grow at a compound annual growth rate of 24.3 percent from 2023 to 2030.

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Advisors Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency BNPL 81

Tearsheet

FEBRUARY 6, 2025

The landscape and ongoing tug: As new payment models like Buy Now, Pay Later (BNPL) and EWA took off in recent years, the Consumer Financial Protection Bureau (CFPB) has been watching how they affect consumers. Nico Simko, the CEO and co-founder of Clair asked during our interview in 2023.

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Consumer Financial Protection Bureau (CFPB) CFPB Consumer Protection Regulations 52