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On October 1, 2025, Nevada’s Senate Bill 437 took effect, modernizing Nevada’s Installment Loan and Finance Act to reflect the growth of online consumer lending and “buy now, pay later” (BNPL) products. The new law authorizes “Internet consumer lenders,” defined as companies that make, solicit, or facilitate consumer loans exclusively through the internet, to apply for and maintain a Nevada lending license without operating a physical office within the state.Continue Reading Nevada Removes In-State Office Requirements for Online and Buy Now, Pay Later Lenders

On August 19, 2025, the CFPB announced that it had closed a multi-year investigation into a fintech company offering buy-now, pay-later financing for firearms. The Bureau stated that the matter would not proceed to settlement or litigation.Continue Reading CFPB Terminates Investigation Into BNPL Firearms Financing Provider, Citing Political Bias

On January 2, 2024, New York Governor Kathy Hochul announced “a sweeping consumer protection and affordability agenda,” what she termed as the “most significant expansion of consumer laws since 1980.” As part of that agenda, she announced expanding UDAAP protections and registration requirements for BNPL providers.Continue Reading New York Governor Consumer Protection Agenda Targets Unfair and Deceptive Practices and BNPL Providers

On March 2, the CFPB published a report analyzing the financial profiles of consumers who borrow through buy now, pay later (BNPL) lending products. The report found that BNPL borrowers on average are more likely to be active users of other credit products such as credit cards and alternative financial services such as payday loans. The report also found that BNPL borrowers are more likely to exhibit signs of financial distress, for example, high levels of indebtedness and revolving balances or delinquencies on their credit cards. In announcing the report’s publication, the CFPB highlighted several other noteworthy findings:Continue Reading CFPB Report Details Financial Profiles of BNPL Borrowers

Recently, the CFPB released a report outlining the challenges and risks inherent in the rapid evolution of the payment ecosystem, with a particular focus on emerging uses cases involving “super apps,” buy now, pay later (BNPL), and embedded payments, as well as their implications for consumers. The report notes that these changes create more opportunities for companies to aggregate and monetize consumer financial data, and for large players to dominate consumers’ financial and commercial lives.
Continue Reading CFPB Warns of Consumer Risk Over New Payment Products, Foreshadows Supervision of BNPLs