H.R. 9275 — Buy Now Pay Later Consumer Protection Act of 2026

This section includes buy now, pay later loans in the definition of credit card and their issuers in the definition of card issuer under the Truth in Lending Act. It defines such a loan as a closed-end consumer loan for goods or services repaid in not more than four interest-free installments with no finance charge. It directs the Bureau of Consumer Financial Protection to issue rules within 180 days applying subpart B of Regulation Z and section 1026.60 to these issuers in accordance with the Bureau’s May 31, 2024 interpretive rule.