---
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.

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