May 31, 2024 — Featured News

Appearing in The New York Times on May 31, 2024, Ann Carrns interviews NCLC Associate Director Lauren Saunders for coverage of the popular “buy now, pay later” installment loans and new CFPB rules to treat them like credit cards.

While some card protections under the Truth in Lending Act don’t apply to these alternative loans, consumer advocates applauded the rule as a win for pay-later shoppers.

“It’s a step forward. Previously, it wasn’t clear what rights you had.”

Lauren Saunders, associate director at the National Consumer Law Center

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