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The Consumer Financial Protection Bureau (CFPB) recently announced a significant change in its approach to the burgeoning "buy now, pay later" ...
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CFPB cracks down on popular paycheck advance programs. Here's what that means for workersThe CFPB proposed an interpretive rule on Thursday saying the programs — both those offered via employers and directly to users via fintech apps — are "consumer loans" subject to the Truth in ...
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The CFPB intends to revoke its Buy Now, Pay Later interpretive rule, according to a status report and joint motion to stay filed by the Bureau and the Financial Technology Association (FTA ...
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 ...
[Separately, the CFPB said this week that it plans to revoke a BNPL interpretive rule, issued last year by former CFPB Director Rohit Chopra, that would have subjected the industry to some credit card ...
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 ...
The Consumer Financial Protection Bureau is set to perform another U-turn, dropping an interpretive rule declaring that pay-in-four BNPL lenders should be treated in the same way as credit cards.
The measure revoking the bureau’s oversight of large technology payments players, such as Google and Block, passed on a straight party-line vote.
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