The Buy Now Pay Later Consumer Protection Act of 2026 amends the Truth in Lending Act to include buy now, pay later loans within the definition of.

The Buy Now Pay Later Consumer Protection Act of 2026 amends the Truth in Lending Act to include buy now, pay later loans within the definition of credit cards and their issuers. It defines a buy now, pay later loan as a closed-end consumer loan repaid in up to four interest-free installments without a finance charge, provided at the time of purchase. The Bureau of Consumer Financial Protection must issue rules within 180 days to implement these changes, aligning with existing regulations on digital user accounts for such loans.

The Buy Now Pay Later Consumer Protection Act of 2026 amends the Truth in Lending Act to include buy now, pay later loans within the definition of.

The Buy Now Pay Later Consumer Protection Act of 2026 amends the Truth in Lending Act to include buy now, pay later loans within the definition of credit cards and their issuers. It defines a buy now, pay later loan as a closed-end consumer loan repaid in up to four interest-free installments without a finance charge, provided at the time of purchase. The Bureau of Consumer Financial Protection must issue rules within 180 days to implement these changes, aligning with existing regulations on digital user accounts for such loans.