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July 1, 2026
Rep. Maxwell Frost Calls for CFPB Investigation of Rent Financing Firms
- Rep. Maxwell Frost urges the Consumer Financial Protection Bureau to investigate the 'rent now, pay later' sector for possible consumer protection law violations.
- Frost highlights concerns over high fees and lack of transparency in these financing products, which he compares to payday loans.
- The CFPB's response to Frost's request remains unclear as it has reduced enforcement actions under the current administration.
2 Sources
- Democratic congressman asks the CFPB to investigate 'rent now, pay later' companiesJul 1, 2026 at 3:55 PM · ABC News
- Florida Dem presses CFPB to probe 'rent now, pay later' companies as housing costs climbJul 1, 2026 at 8:59 PM · The Hill