Federal supervision of buy now, pay later loan lenders

Section 1024(a)(1) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5514(a)(1)) is amended— (1) in subparagraph (D), by striking; or and inserting a semicolon; (2) in subparagraph (E), by striking the period at the end and inserting; or; and (3) by adding at the end: (F) offers or provides to a consumer a buy now, pay later loan, as defined in section 103 of the Truth in Lending Act (15 U.S.C. 1602)..