Rep. Goldman Introduces Bill to Regulate Buy Now, Pay Later Loans Like Credit Cards
This bill is in the early stages of the legislative process and is sitting with the House Committee on Financial Services. The committee must review the bill before it can move forward, but no action has occurred since June 10, 2026. Most bills do not receive a committee vote, so this proposal is currently stalled.
While popular with consumer advocates, this bill faces a tough path because it adds new regulations to a fast-growing industry and lacks broad bipartisan support.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Small online retailers and businesses that offer buy now, pay later options at checkout could face higher costs as BNPL providers pass along new compliance expenses. On the other hand, clearer rules could level the playing field and build consumer trust in installment payments, which could help smaller merchants compete with bigger retailers.
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
The Buy Now Pay Later Consumer Protection Act of 2026 would direct the CFPB to issue implementing rules within 180 days after enactment, tying those rules to the Bureau's Regulation Z approach for digital user accounts used to access BNPL loans.
U.S. Rep. Dan Goldman introduced the 'Buy Now Pay Later Consumer Protection Act,' a bill intended to give Buy Now, Pay Later users some of the same legal protections that apply to credit cards, including clearer fee information and dispute rights.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Buy Now Pay Later Consumer Protection Act of 2026
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