News

With CFPB, It's Buy Now, Pay Later, Enforcement Not So Much
On May 6, the Consumer Financial Protection Bureau announced it will no longer prioritize enforcement actions taken on buy ...
Why are more shoppers struggling to repay ‘buy now, pay later’ loans?
NEW YORK (AP) — More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender ...
CFPB Backs Off Buy Now, Pay Later Oversight, Signals Repeal of Rule
The Consumer Financial Protection Board will not enforce its Biden-era interpretive rule that buy now, pay later lenders should be treated like credit card issuers.
CFPB eases up on buy now, pay later lenders
The Consumer Financial Protection Bureau said on Tuesday that it won't prioritize enforcement actions taken against buy now, ...
Bankrate on MSN1d
What experts want you to know about Buy Now, Pay Later and your credit reports
You can use Buy Now, Pay Later (BNPL) for just about anything. Shopping online and in-person, big and small purchases, even ...
JD Supra13d
CFPB Shifts Focus Away from Buy Now, Pay Later Loans
The Consumer Financial Protection Bureau (CFPB or Bureau) announced a significant shift in its enforcement priorities, choosing not to ...
ConsumerAffairs14d
Buy Now, Pay Later firms push back against consumer protection rules
The Consumer Financial Protection Bureau (CFPB) may rescind proposed rules treating Buy Now, Pay Later (BNPL) services like ...
FOX 8 News8d
‘Buy now, pay later’: How some Americans are affording groceries, takeout
Research suggests BNPL may not just be another way to pay — it could fundamentally reshape consumers’ shopping habits.
Costco launches 'Buy Now, Pay Later' service for online purchases
The new Buy Now, Pay Later option will also charge interest, with APR rates between 10% and 36%. A $500 purchase at 20% APR, with payments spread out across 6 months, for example, will cost $88.27 per ...