Burr & Forman Nashville partner Zach Miller was featured on the CLEarly Legal podcast in an episode titled “Buy Now, Pay Later: What Is the Consumer Financial Protection Bureau and What Does It Do?” The episode examined the role of the Consumer Financial Protection Bureau (CFPB), its regulatory authority, and why the agency has increased its focus on emerging consumer financial products, such as buy now, pay later services.

During the conversation, Zach discussed how the CFPB has sought to expand its reach over a wide range of financial products, adding that “they tried to bring everything under the CFPB umbrella,” which has had significant implications for lenders, fintech companies, and service providers.

Zach also emphasized the political nature of the agency and how shifts in leadership and administration can influence enforcement priorities. “What you have to understand about the CFPB is that it’s a very political organization,” he said, underscoring why businesses operating in the consumer finance space must stay attuned to regulatory changes.

The episode highlights how emerging financial services products fit into the CFPB’s broader regulatory framework and why companies offering these services should closely monitor enforcement trends, compliance expectations, and evolving consumer protection standards.

To listen to the full episode, click here.