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Heavy BNPL use among borrowers with high credit balances and multiple pay-in-four loans: CFPBMore than 60% of BNPL users have simultaneous loans, borrowers hold higher balances on other credit lines, and most loans are ...
The CFPB found that hundreds of thousands of mortgaged properties in the southeast and central southwest alone may be ...
Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, ...
In 2017, then-President Donald Trump appointed White House Budget Director Mick Mulvaney to run the Consumer Financial Protection Bureau. As a Republican member of Congress, Mulvaney had ...
On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain ...
A trade group representing debt collectors has filed a lawsuit challenging the Consumer Financial Protection Bureau's final rule banning medical debt from credit reports, the second suit to be filed ...
On December 17, 2024, amid a flurry of activity by the Consumer Financial Protection Bureau (CFPB), the agency released an Issue Spotlight ...
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized ...
With under two weeks before the end of the Biden administration, the Consumer Financial Protection Bureau issued two actions on Friday aimed at providing privacy protections in digital payments and ...
Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in ...
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