<ul><li>The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that classifies buy now, pay later (BNPL) firms as credit providers, legitimizing them as a mainstream form of credit.</li><li>The CFPB aims to set regulations on BNPL offerings and require providers to offer the same legal protections as credit cards.</li><li>BNPL loans are subject to Regulation Z, and new disclosures are required for BNPL companies.</li><li>A lawsuit by the Financial Technology Association against the CFPB highlights key issues that the agency and the industry will face in 2025.</li></ul>

2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations

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