All Buy Now Pay Later articles
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News BriefWith “stroke of a pen,” CFPB withdraws controversial guidance docs issued under Dems
The Consumer Financial Protection Bureau has rescinded 39 guidance documents that had provided insight into the regulator’s thinking on a host of topics, including enforcement practices and how companies should handle customer complaints.
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News BriefBuy now, pay later firms catch a break as CFPB backs off enforcement
The U.S. Consumer Financial Protection Bureau (CFPB) signaled a softer regulatory approach last month, easing its investigation of financial firms following the U.S. government’s broader efforts under President Donald Trump to scale back regulatory enforcement on businesses. The agency reaffirmed this pivot as it will ease scrutiny of “Buy Now, ...
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News BriefOCC offers compliance guidance to banks on ‘buy now, pay later’ loans
New guidance from the Office of the Comptroller of the Currency advises banks to tailor their risk management strategies and lending oversight for “buy now, pay later” plans.