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Rapid Growth of Buy Now Pay Later Market Raises Global Consumer Protection Concerns as CFPB Watches and Waits (For Now) | Eversheds Sutherland (US) LLP

Published: October 25, 2021

The explosive growth of “buy now pay later” (BNPL) products is a staple of the fintech news cycle. The model, which gained popularity with point-of-sale financing options offered by...

Source: jdsupra.com

CFPB Enforcement Actions Zero in on Income Share Agreements and "Payday Alternative" Loans | Eversheds Sutherland (US) LLP

Published: October 22, 2021

In September 2021, the CFPB took action against Better Future Forward, Inc. (BFF), a provider of student income share arrangements, and LendUp, an online, subprime consumer lender. In...

Source: jdsupra.com

Student loan company used deceptive practices, CFPB says: Tips for choosing a reputable lender

Published: September 22, 2021

The CFPB issued a consent order for one college financing company after ruling its ISA program was a form of consumer credit and must adhere to federal financial laws.

Source: ktvu.com