Buy Now, Pay Later Protection Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3561 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3561 To amend the Truth in Lending Act and the Consumer Financial Protection Act of 2010 to apply certain protections and oversight to buy now, pay later loans, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 18, 2025 Mr. Reed (for himself, Mr. Van Hollen, Mr. Blumenthal, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Truth in Lending Act and the Consumer Financial Protection Act of 2010 to apply certain protections and oversight to buy now, pay later loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Buy Now, Pay Later Protection Act of 2025''. SEC. 2. APPLICATION OF THE TRUTH IN LENDING ACT TO BUY NOW PAY…