The Federal Housing Administration published a request for information regarding “buy now, pay later” unsecured debt.

Details: The FHA said it is particularly interested in receiving input on:

  • BNPL use and FHA borrower risk profiles.

  • BNPL impact on financial health and housing stability.

  • Visibility in mortgage underwriting.

  • Eligibility for FHA programs.

  • Data and research needs.

  • FHA policy recommendations.

Deadline: Comments are due by Aug. 25. ICBA will be providing comments to the FHA.

ICBA View: ICBA has consistently called for greater parity between nonbank BNPL providers and more traditional credit products.