High-Cost Credit

Buy Now, Pay Later & Other Fintech Lending

Buy now pay later credit, cash advance apps, and other new forms of credit can pose new problems and old ones, often evading consumer protections. Rent-to-own (RTO) and lease-to-own sales may be exempt from or violate lending laws. New underwriting methods also impact the safety of credit. NCLC works to ensure that new and evasive forms of credit have strong consumer protections.

States Can Protect Buy Now, Pay Later Borrowers

February 12, 2026

New York BNPL Law Creates a Blueprint for Protecting Shoppers Nationwide

Read More about: States Can Protect Buy Now, Pay Later Borrowers
June 25, 2026
April 23, 2025

Recent

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Comments on New York Buy Now, Pay Later Proposed Regulations

August 28, 2026

Comment to Illinois Department of Financial and Professional Regulation on Regulations Under BNPL Act

August 28, 2026

Cuvellier v. Unison Agreement Corp. et al.

August 5, 2026

Amicus Brief in Burrison v. FloatMe Corp.

July 17, 2026

Congress Ignores Affordability Crisis With Legislation to Supercharge Predatory Lending and Boost Harmful Credit Reporting

June 29, 2026

Illinois Passes Law to Protect Buy Now, Pay Later Borrowers

June 25, 2026

Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds

May 20, 2026

Coalition Letter Opposing Unaffordable 100% APR Bank Loans; Urging Congress to Support State and Federal Interest Rate Limits

May 7, 2026

Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans

May 7, 2026

Comments & Letters

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Comments on New York Buy Now, Pay Later Proposed Regulations

August 28, 2026

Comment to Illinois Department of Financial and Professional Regulation on Regulations Under BNPL Act

August 28, 2026

Coalition Letter Opposing Unaffordable 100% APR Bank Loans; Urging Congress to Support State and Federal Interest Rate Limits

May 7, 2026

Comments on the Application to Charter Enova Interim Bank & Acquire Grasshopper Bank

February 27, 2026

Buy Now Pay Later Comments to NY Dept of Financial Services

September 12, 2025

NCLC Comment to HUD on Buy Now Pay Later Products

August 25, 2025

National Consumer Groups Comments Urging the CFPB to Adopt Updated Credit Practices Rule

April 1, 2025

Comments on Risks of Bank-Fintech Arrangements Involving Lending

October 30, 2024

NCLC, CRL & CFA Comments in Support of CFPB’s Proposed Interpretive Rule on Earned Wage Advances

August 30, 2024

Reports

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Fintech and Consumer Protection: A Snapshot

March 1, 2019

The Rent-to-Own Racket: Using Criminal Courts to Coerce Payments from Vulnerable Families

February 5, 2019

Paper Statements: An Important Consumer Protection

March 1, 2016

Issue Briefs

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States Can Protect Buy Now, Pay Later Borrowers

February 9, 2026

What Rights Do Buy Now, Pay Later Purchasers Have?

June 26, 2025

Risks and Advice for Buy Now, Pay Later Borrowers

May 19, 2025

The Tricks Cash Advance Apps Use to Coerce Borrowers to “Tip”

April 23, 2025

Comparing APRs on Small Loan Alternatives

January 7, 2025

New Rights for Buy Now, Pay Later Purchases

December 2, 2024

Principles for Responsible Consumer and Small Business Loans to Prevent Predatory Lending Abuses

August 26, 2022

Testimony

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Statement for the Record for Hearing on Fintech Innovations

January 13, 2026

Testimony of Carla Sanchez-Adams on “Examining Scams and Fraud in the Banking System and Their Impact on Consumers”

February 1, 2024

Testimony of Lauren Saunders Before the U.S. House Task Force on Financial Technology on Buy Now, Pay Later and Other Fintech Cash Flow Products

November 1, 2021

Testimony Before House Financial Services on Examining Rental Purchase Agreements and the Potential Role for Federal Regulation

July 26, 2011

Litigation

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Cuvellier v. Unison Agreement Corp. et al.

August 5, 2026

Amicus Brief in Burrison v. FloatMe Corp.

July 17, 2026

Amicus Brief in Revell v Grant, LLC

May 6, 2026

Amicus Brief in Vickery v. Empower Finance

April 8, 2026

Amicus Brief in Moss v. Cleo AI, Inc.

March 11, 2026

Burkhardt et al. v. MoneyLion Technologies Inc. et al.

October 17, 2025

Legislation

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Comment to Illinois Department of Financial and Professional Regulation on Regulations Under BNPL Act

August 28, 2026

Opposition to H.R. 7440 (McHenry) Financial Services Innovation Act of 2023

April 16, 2024

Press Releases & News

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Congress Ignores Affordability Crisis With Legislation to Supercharge Predatory Lending and Boost Harmful Credit Reporting

June 29, 2026

Illinois Passes Law to Protect Buy Now, Pay Later Borrowers

June 25, 2026

Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds

May 20, 2026

Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans

May 7, 2026

Another 100%+ APR Bank Seeks Trump Administration Approval

April 29, 2026

Fed Urged to Reject Bank Application that Would Greenlight Enova’s 100% APR Loans Nationwide

April 23, 2026

New Predatory 100% APR Bank Seeks Trump Administration’s Approval

February 23, 2026

Broad Coalition Supports New Senate Bill to Cap Interest Rates for Loans

February 11, 2026

Banks, Credit Unions and Consumer Groups Support ‘Close the Shadow Banking Loophole Act’

January 29, 2026

From the NCLC Digital Library

Consumer Credit Regulation

Innovative thinking and precise authority on predatory lending and other consumer credit, including analysis on other players in consumer accounts and payment systems.

Read Chapter One

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