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Extending Consumer Protection and Oversight to Buy Now, Pay Later Loans.

This Act extends crucial consumer rights, previously limited to credit cards, to the popular "Buy Now, Pay Later" (BNPL) loans. This means consumers using BNPL for purchases will gain the right to dispute charges or withhold payment if goods are faulty, similar to credit card protections. Furthermore, the Consumer Financial Protection Bureau (CFPB) will gain explicit authority to supervise BNPL providers.
Key points
BNPL customers receive rights similar to credit card users regarding disputes over faulty goods or services.
Companies offering BNPL (defined as 4 or fewer interest-free installments) will be subject to Federal supervision by the CFPB.
New rules will be established for handling billing errors related to BNPL loans.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6891
Sponsor: Rep. Ross, Deborah K. [D-NC-2]
Process start date: 2025-12-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Buy Now, Pay Later Protection Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6891.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-12-18.

What are the main provisions?

Key points include:

  • BNPL customers receive rights similar to credit card users regarding disputes over faulty goods or services.
  • Companies offering BNPL (defined as 4 or fewer interest-free installments) will be subject to Federal supervision by the CFPB.
  • New rules will be established for handling billing errors related to BNPL loans.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ross, Deborah K. [D-NC-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy