Buy Now, Pay Later Protection Act of 2025
Sponsor
Full profile: /officials/R000122
Source: Congress.gov · FEC
Cosponsors (4)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S8923)
2025-12-18
Source: Congress.gov
Plain-English Summary
This bill would establish new federal rules for "buy now, pay later" services—companies that let shoppers split purchases into installments without using a credit card—to ensure they follow consumer protection standards similar to traditional credit products. The legislation would likely require these companies to disclose fees and interest rates clearly, limit unfair practices, and give consumers rights like the ability to dispute charges, affecting both the companies offering these services and the millions of Americans using them to make purchases.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Related legislation
Bills by the same sponsor or covering overlapping subjects.
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- SJRES134A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans".Referred to Committee · 2026-05-13
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