Breaking Industry News
Breaking News articles for April 2025
CFPB no longer wants BNPL covered by Reg Z
Wednesday, April 02, 2025
The Consumer Financial Protection Bureau (CFPB) plans to back off an interpretive ruling that buy now pay later loans are subject to Regulation Z. Reg Z is a federal rule set that covers consumer credit extensions and includes requirements around account opening disclosures, billing statements, changes in terms disclosures and treatment of credit balances.
Consumers hammered by fraud losses
Tuesday, April 01, 2025
The Federal Trade Commission reported that consumers lost $12.5 billion to fraud in 2024, representing a 25 percent increase over 2023 losses. But some experts say losses were even higher.
