Bill · H.R. 6891· House(119-HR-6891)
Buy Now, Pay Later Protection Act of 2025
- Introduced
- 12/18/2025
- Last activity
- 12/18/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Deborah Ross
- Cosponsors
- - 6 - 0
- Introduced
- In Committee
What this bill would do
The Buy Now, Pay Later Protection Act of 2025 seeks to amend the Truth in Lending Act and the Consumer Financial Protection Act of 2010. The bill aims to apply specific protections and oversight to buy now, pay later loans. It defines a buy now, pay later loan as a closed-end consumer loan for a retail transaction repaid in no more than 4 interest-free installments without a finance charge. The legislation expands various existing consumer rights and definitions to include these specific loans. Additionally, it mandates that the Bureau of Consumer Financial Protection issue necessary rules within one year. Finally, it places buy now, pay later loan providers under federal supervision.
Yes· 3 of 4
Does this give people more protection from unfair business practices?+7
The bill extends consumer defense and notification rights to those using buy now, pay later loans.
Would households on low incomes be better off under this?+5
The bill provides consumer protections for individuals using installment-based retail loans.
Would middle-income households be better off under this?+5
The bill extends credit protections to consumers using buy now, pay later services.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expanded Consumer Rights and Protections: By amending section 170 of the Truth in Lending Act, the bill extends protections previously held by credit card customers to those using buy now, pay later loans (Section 2(a)(1)). This includes updated definitions for cardholders and consumers regarding their defenses and notifications.
-
Increased Oversight: The bill amends the Consumer Financial Protection Act of 2010 to include entities that offer or provide buy now, pay later loans under its federal supervision (Section 3).
-
Regulatory Clarity: The Bureau of Consumer Financial Protection is tasked with issuing rules necessary to carry out the amendments within one year, which provides a framework for how these protections are implemented (Section 2(b)).
Potential Negative Impacts for People
- No specific negative impacts are explicitly stated in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+5Good For Middle Class Households+5
- Economy And Finance
- Improves Consumer Protection+7
- Governance And Ideology
- Improves Government Transparency+3
- 6/15/2026
- 1 Cosponsor added.
- 4/27/2026
- 1 Cosponsor added.
- 2/9/2026
- 1 Cosponsor added.
- 2/3/2026
- 1 Cosponsor added.
- 1/30/2026
- 1 Cosponsor added.
- 1/13/2026
- 1 Cosponsor added.
- 12/18/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Valerie FousheeDemocrat · North Carolina
Stephen LynchDemocrat · Massachusetts
Eleanor NortonDemocrat · District of Columbia
Emilia SykesDemocrat · Ohio
Rashida TlaibDemocrat · Michigan
Nikema WilliamsDemocrat · Georgia