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Pro to Technology@lemmy.zipEnglish ·
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1 day ago

The CFPB says it will stop enforcing a Biden-era rule treating Buy-Now-Pay-Later firms like credit card lenders; Affirm and other BNPL firms had opposed the rule

www.consumerfinance.gov

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The CFPB says it will stop enforcing a Biden-era rule treating Buy-Now-Pay-Later firms like credit card lenders; Affirm and other BNPL firms had opposed the rule

www.consumerfinance.gov

Pro to Technology@lemmy.zipEnglish ·
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1 day ago
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CFPB Announcement Regarding Enforcement Actions Related to Buy Now, Pay Later Loans | Consumer Financial Protection Bureau
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The CFPB is announcing 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”).
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