Washington committee hears DFI overview of buy‑now‑pay‑later, data gaps and legal gray areas The Department of Financial Institutions told the Consumer Protection and Business Committee BNPL products are growing rapidly but often fall outside Washington's retail‑installment law; DFI and advocates urged state data collection and targeted regulation while noting consumer risks from automatic debits and limited disclosure.

Washington lawmakers are grappling with the explosive growth of buy-now-pay-later products, revealing a legal gray area that could impact consumer protection.

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#WA #DebtManagement #CitizenPortal #RegulatoryTransparency #ConsumerFinancialProtection

Banks Are About to Get Away With Stealing Again The CFPB shutdown means consumer protection laws stay on the books but stop being enforced

22 state attorneys general filed an emergency lawsuit 5 days ago because the Trump Pedo Regime refuses to fund the #ConsumerFinancialProtection Bureau.
Without court intervention, the agency that returned $21 billion to 205 million Americans runs out of money in 35 days.
#TrumpCrimeFamily 👌🏻🇺🇸

CFP aka @nteu335.bsky.social - @americanexpress.bsky.social
charged me $150 annual fee AFTER I CANCELLED gold card (kept silver)in May 6. AMEX telling me won’t REMOVE FEE BCAUSE 30 days old charge. Don’t have card but pay up! 😡🤬#consumerfinancialprotectionbureau
#consumerfinancialprotection

This is where we need our consumer financial protection bureau.
So these entities pulling this can be sued to the fuckin moon !!

#ConsumerFinancialProtection

💔😭Why can't we call banking and credit agency CEOs to Congress to answer questions about their polices and procedures? #Banking #YourMoney #Accountability #ConsumerFinancialProtection #CFPB #PublicTrust #Votewithyourmoney #Seniors #GoodTroubleNecessaryTrouble

What you can do to protect against #DOGE cuts #ConsumerFinancialProtection
☎️🤙Call your state representatives to pass their own state legislation just as CA, CO, NY has done! This video explains what CFPB does for Americans! Don’t allow Elon Musk to take away our protections! Fight for our rights‼️☎️

READ NOW: @insidephilanthropy.com profiled the CFE Fund's origins in #ConsumerFinancialProtection, our work with local governments across the country over the past decade plus, and why municipal financial empowerment is now more critical than ever: bit.ly/4hSyY9p

#consumerfinancialprotection #CFP

We have DOGE mice in the walls #consumerfinancialprotection

Ground News - Russell Vought Taking Over as New Acting Head of CFPB Russell Vought took over the Consumer Financial Protection Bureau Friday night, adding another twist at the banking watchdog that has landed in the crosshairs o

I'm going to have to dig, but isn't he the OMB guy? If so, why?

"Russell Vought took over the Consumer Financial Protection Bureau Friday night, adding another twist at the banking watchdog..."

#consumerfinancialprotection #CFPB #OMB #dualposition #consumers
ground.news/article/russ...