FTA challenges CFPB's BNPL interpretive rule
Financial Technology Association issued lawsuit filed in U.S. District Court for the District of Columbia affecting Consumer Financial Protection Bureau on October 18, 2024.
- Primary
- Financial Technology Association
- Counterparty
- Consumer Financial Protection Bureau
- Structure
- lawsuit filed in U.S. District Court for the District of Columbia
- Date
- October 18, 2024
- Sub-sector
- BNPL
FTA challenges CFPB's May 2024 interpretive rule classifying BNPL as credit cards, citing APA violations and arbitrary application.
Source: natlawreview.com