The "Buy Now Pay Later Consumer Protection Act of 2026" aims to bring buy now, pay later (BNPL) loans under the purview of the Truth in Lending Act (TILA). Specifically, it amends TILA to include BNPL loans in the definition of a credit card and their issuers in the definition of a credit issuer , thereby extending consumer protections to these financial products. A BNPL loan is defined as a closed-end consumer loan for goods or services, repaid in no more than four interest-free installments, with no finance charge, provided at the point of purchase. The legislation mandates the Bureau of Consumer Financial Protection (BCFP) to issue implementing rules within 180 days of enactment. These rules must align with a specific BCFP interpretive rule from May 2024 and apply relevant sections of Regulation Z to BNPL loan issuers, ensuring consistent regulatory oversight.