CFPB Reverses Course on Controversial BNPL Rule Amid Legal Pushback

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 framework as traditional credit cards. This decision marks another significant rollback for the agency under its current… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged bnpl, cfpb, interpretive rule, pay over time, us