---
title: "'I am absolutely mystified': Peter Welch shames Trump admin pulling back protections, enabling predatory 'buy now, pay later' loans"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286618882.md"
description: "From the Senate floor on May 13, 2026, Senator Peter Welch (D-VT) called out the Trump administration for rescinding a CFPB rule that offers protections to consumers from predatory buy now, pay later (BNPL) loans."
datetime: "2026-05-15T21:33:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286618882.md)
  - [en](https://longbridge.com/en/news/286618882.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286618882.md)
---

# 'I am absolutely mystified': Peter Welch shames Trump admin pulling back protections, enabling predatory 'buy now, pay later' loans

From the Senate floor on May 13, 2026, Senator Peter Welch (D-VT) called out the Trump administration for rescinding a CFPB rule that offers protections to consumers from predatory buy now, pay later (BNPL) loans.

### Related Stocks

- [AFRM.US](https://longbridge.com/en/quote/AFRM.US.md)
- [FINX.US](https://longbridge.com/en/quote/FINX.US.md)

## Related News & Research

- [This Analyst Just Upgraded Affirm. What It Means for AFRM Stock.](https://longbridge.com/en/news/286580624.md)
- [Assessing Affirm Holdings (AFRM) Valuation After Google Expansion And Strong Earnings](https://longbridge.com/en/news/286669043.md)
- [Prediction market ‘watchdog’ launches six-figure ad campaign ahead of Senate hearing](https://longbridge.com/en/news/286796384.md)
- [Trump is waging a silent war on legal immigration](https://longbridge.com/en/news/287081964.md)
- [Are There Really 'No Bad Ideas' When It Comes To 'Saving Or Democracy'?](https://longbridge.com/en/news/286701120.md)