New York Gov. Kathy Hochul has signed legislation that, among other things, imposes new licensing requirements on Buy Now, Pay Later services.

Buy now, pay later apps are an increasingly popular way to finance purchases. Companies like Affirm, AfterPay and Klarna ...

If the economy heads into a recession, consumers who signed up to get blockbuster points deals might find credit card ...

NEW YORK — More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said ...

Another good place to turn is the website of the Consumer Financial Protection Bureau (CFPB), which has a compilation of ...

Some find this concerning because the users of this payment method tend to be less economically secure – in fact, the CFPB found in 2022 that about two-thirds of BNPL users have subprime or deep ...

The Consumer Financial Protection Bureau (CFPB) has ceased enforcement of a rule that classifies buy now, pay later (BNPL) firms as credit card issuers. In May 2024, the agency, under the Biden ...

TILA refers to the Truth in Lending Act. In May 2024, the CFPB said BNPL users were entitled to include the right to dispute charges and demand a refund from the BNPL lender after returning a product.

Several CFPB rules are on the chopping block. The language of Tuesday's BNPL release mirrors that of an April 30 announcement where the CFPB said it wouldn't prioritize the enforcement of another ...