The Buy Now, Pay Later Protection Act of 2025 amends the Truth in Lending Act and the Consumer Financial Protection Act of 2010 to apply certain.
The Buy Now, Pay Later Protection Act of 2025 amends the Truth in Lending Act and the Consumer Financial Protection Act of 2010 to apply certain protections and oversight to buy now, pay later loans. It defines a buy now, pay later loan as a closed-end consumer loan for a retail transaction that is repaid in not more than four interest-free installments and does not impose a finance charge. The Act requires the Consumer Financial Protection Bureau to issue rules to carry out these amendments within one year of enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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