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Interpretive Rule Truth in Lending Act (TILA) Lenders

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The CFPB Sets Its Sights on Buy Now, Pay Later Lenders in New Interpretive Rule

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On May 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule identifying Buy Now, Pay Later Lenders (BNPL Lenders or Lenders) as “card issuers” or “creditors” for the purposes of Regulation Z,...more

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