Finextra

OCTOBER 21, 2024

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) new buy now, pay later rules.

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CFPB Rules BNPL FinTech 64

Finextra

MAY 23, 2024

The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".

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Rules CFPB BNPL Consumer 75

Bank Automation

JUNE 4, 2024

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say. The rule, published May 22 to take effect 60 days later, “makes the model more sustainable because [BNPL] has been around for a long time, it has […]

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BNPL Rules Card Issuer Credit Cards 80

The Paypers

MARCH 31, 2025

The CFPB has announced plans to rescind its May 2024 interpretive rule that classified BNPL products under the same rules as credit cards.

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CFPB BNPL Rules Credit Cards 41

The Fintech Times

JULY 15, 2024

The American Fintech Council , the industry association representing responsible fintech companies and innovative banks, has welcomed new recommendations regarding buy now, pay later (BNPL) but warns that providers need more time to ensure compliance.

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BNPL Consumer Financial Protection Bureau (CFPB) CFPB Request for Comment 64

The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections. Will BNPL increase the consumer debt burden?

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BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. The CFPB began studying the Buy Now, Pay Later industry in 2021. Today’s action will help bring consistency to this market. Importantly, these cover dispute and refund rights.

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Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

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

Finovate

DECEMBER 11, 2024

readers, open banking made its debut in the form of a CFPB ruling in October of this year. Why it’s big : The new open banking rule shifts data ownership from the financial institution to the individual consumer. Open banking/ Section 1033 For U.S. There may be benefits to early compliance.

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FinTech Stablecoins BNPL Cross-Border 59

The Paypers

MAY 22, 2024

The Consumer Financial Protection Bureau ( CFPB ) has issued an interpretive rule to ensure federal control over Buy Now, Pay Later (BNPL) returns and disputes in the US.

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Consumer Financial Protection Bureau (CFPB) Disputes BNPL Returns 41

Finovate

DECEMBER 4, 2023

In regards to open banking, the CFPB released its notice of proposed rulemaking to implement Section 1033 of Dodd-Frank earlier this year and made clear that it will issue the final regulation in the fall of 2024. As consumers rely on BNPL payment technologies as an alternative to traditional credit models, regulators in both the U.S.

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Metaverse FinTech Embedded Finance AI 130

FICO

JANUARY 5, 2023

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. There Will be Changes in the BNPL Market, but Major Regulatory Action Is at Least a Year Away.

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BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

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 Brazil, open finance frameworks are unlocking credit access for gig economy workers and SMEs, groups often overlooked by conventional scoring models. reached $1.1

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Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

DECEMBER 2, 2020

In the Buy Now Pay Later Tracker, Daniel Demsky, co-founder of all-wool clothing retailer Unbound Merino, details how his company is leveraging BNPL to help make high-end items more accessible to consumers — and high cart totals more palatable. CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of Credit.

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SWIFT Cross-Border Payments Cross-Border CFPB 56

The Paypers

JUNE 6, 2025

FCA’s stance on high-risk investments The regulator wants financial promotion rules to apply so that consumers to get information on the risks and be aware of inappropriate incentives to invest, in the same way as if they purchased crypto assets traditionally.

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Stablecoins Authorization Risk Central Bank 41

Finovate

DECEMBER 13, 2023

the Consumer Financial Protection Bureau (CFPB) has been studying the BNPL industry since at least late 2021. As such, the CFPB has recognized a number of key benefits BNPL provides relative to traditional credit products, especially with regard to the absence of interest payments, ease of access, and simple repayment structure.

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Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 64

Finextra

MAY 7, 2025

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. 47,068 (May 31, 2024) (Buy Now, Pay Later).

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Regs CFPB BNPL Rules 52

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

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. Conversely, some EWA providers, like the New York-based Clair, argue that EWA falls squarely within lending rules.

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