Name: FICO Incorporates BNPL in Credit Scores by Consumers' Checkbook
Duration: 3 min 51 s
Description: FICO, the company behind the most widely used credit scoring models in the U.S., has developed two new algorithms that, for the first time, will incorporate buy now, pay later (BNPL) payment history.

Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit unions (those with more than $10 billion in assets that levy more than 80 percent of all overdraft charges each year).

Overdraft Rule Killed

Herb Weisbaum, The ConsumerMan, shares an update on the CFPB's rule on Credit Card Late Fees.

Federal Judge Removes Cap on Credit Card Late Fees

Herb Weisbaum, The ConsumerMan, shares info on the Federal Government's restart of collections on defaulted student loans.

Student Loans Collections

A pervasive feeling of uncertainty about the economy, largely due to actions taken by the Trump administration, is “significantly impacting” people’s perception of financial well-being, leaving many feeling “stuck despite their best efforts,” according to the 2025 Financial Literacy and Preparedness Survey from the nonprofit National Foundation for Credit Counseling.

Survey Finds Half of Americans Feel ‘Financially Adrift’ Due to Uncertain Economic Climate

In a rare win for consumers, the Federal Trade Commission’s (FTC) Rule on Unfair or Deceptive Fees took effect on May 12, requiring booking websites for hotels, vacation rentals, and concert and sports tickets to disclose all mandatory fees in advertised prices.

FTC Bans Hidden Junk Fees

For more than 20 years, U-Haul has advertised truck rentals for as low as $19.95 a day for in-town moves. “There is not a single consumer in the entire country who will pay this price for a U-Haul truck rental,” said watchdog group executive director Bonnie Patten. “This outrageous bait-and-switch scheme needs to stop.” 

U-Haul Uses ‘Bait-and-Switch’ Advertising

Unlike other trades, you don’t need special training or a truck full of tools to paint one room or an entire house. But who does the painting can have a dramatic effect on how well the job is done—and how much you’ll pay for it. 

Finding a Painter

Grocery shoppers can celebrate a small victory this week after Kroger, one of the nation’s largest supermarket chains, improved its much-maligned digital coupon policy at some of its stores.

Kroger Digital Coupons Policy

FICO, the company behind the most widely used credit scoring models in the U.S., has developed two new algorithms that, for the first time, will incorporate buy now, pay later (BNPL) payment history.

FICO Incorporates BNPL in Credit Scores

The ConsumerMan discusses the end of the Electric Vehicle Tax Credit on September 30

FICO Incorporates BNPL in Credit Scores

Consumers' Checkbook

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