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Consumer Financial Protection Bureau

CFPB Announcement Regarding Enforcement Actions Related to Buy Now, Pay Later Loans

May 6, 2025

Summary

The CFPB has announced that it will deprioritize enforcement actions based on the May 2024 final rule regarding Buy Now, Pay Later digital user accounts. This decision impacts how credit card disclosure and billing requirements under Regulation Z are applied to these specific installment lending products.

AI-generated summary · May 24, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

The CFPB is announcing that it will not prioritize enforcement actions taken on the basis of the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47,068 (May 31, 2024) (“Buy Now, Pay Later”).

Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-announcement-regarding-enforcement-actions-related-to-buy-now-pay-later-loans/

Common questions

What does "CFPB Announcement Regarding Enforcement Actions Related to Buy Now, Pay Later Loans" cover?
The CFPB has announced that it will deprioritize enforcement actions based on the May 2024 final rule regarding Buy Now, Pay Later digital user accounts.…
Which agency issued this update?
This update was issued by Consumer Financial Protection Bureau.
When was it published?
It was published on May 6, 2025.

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