New York Proposes BNPL Rule
The New York State Department of Financial Services yesterday formally proposed regulations that would require buy now, pay later lenders ...
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Tag: Buy Now Pay Later
Most Consumers Using BNPL By Necessity, Not Choice
Buy now, pay later has become a mainstream form of consumer credit, but a growing share of it is going ...
Read moreDetailsNew House Bill Would Regulate BNPL Loans as Credit Cards
A new bill in the House of Representatives would fold buy now, pay later loans into the same federal framework ...
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Senators Press Credit Bureaus on BNPL Reporting Practices
A group of Senate Democrats is demanding answers from the nation’s largest credit reporting companies about how Buy Now, Pay ...
Read moreDetailsBNPL Moves From Checkout Convenience to Cashflow Tool
Buy Now, Pay Later (BNPL) loans are increasingly becoming a regular part of how many consumers manage their finances, particularly ...
Read moreDetailsNew York Issues Wide-Ranging Proposal to Regulate Buy Now, Pay Later
The New York Department of Financial Services has proposed a comprehensive new regulatory framework for Buy Now, Pay Later products ...
Read moreDetailsIncreased BNPL Use Signals Deeper Financial Stress for Consumers
For many New Yorkers, Buy Now, Pay Later has quietly shifted from a checkout option to a coping mechanism. New ...
Read moreDetailsStates Question BNPL Lenders as Missed Payments Rise and Federal Protections Recede
A coalition of seven state attorneys general has opened a coordinated inquiry into the nation’s largest buy-now-pay-later (BNPL) providers, seeking ...
Read moreDetailsSenators Press BNPL Industry for Data as Concerns Grow Over Consumer Debt Stress
Seven leading Buy Now Pay Later companies are facing new scrutiny from Senate Democrats who have requested detailed information not ...
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CFPB Roundup: BNPL Findings, Civil Penalty Fund Changes, and Small Business Lending Delay
The new leadership of the Consumer Financial Protection Bureau continued to unwind rules and debunk reports it had published and ...
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