The Consumer Federation of America, Center for Responsible Lending, National Consumer Law Center, and Student Borrower Protection Center, and 79 additional organizations called for Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to carefully examine fintech credit products and fee models that are evading consumer protection laws and creating debt traps for consumers. The groups applauded the CFPB for its recent inquiry into five large buy now, pay later providers, and they expressed that they remain alarmed by the explosion of new, underregulated consumer credit products, including but not limited to buy now, pay later loans, income share agreements, cash advances, “fintech” overdraft or overdraft avoidance products, and earned wage access products or look-alike products.