The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections.

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BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

The Paypers

MAY 17, 2022

The Central Bank of Ireland has widened its consumer protection rules to cover Buy Now, Pay Later (BNPL) companies.

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Central Bank BNPL Consumer Protection Rules 69

The Fintech Times

JULY 15, 2024

The American Fintech Council , the industry association representing responsible fintech companies and innovative banks, has welcomed new recommendations regarding buy now, pay later (BNPL) but warns that providers need more time to ensure compliance.

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BNPL Consumer Financial Protection Bureau (CFPB) CFPB Request for Comment 64

The Payments Association

AUGUST 14, 2024

Regulatory changes in BNPL, cVRPs, and digital wallets aim to boost e-commerce innovation and competition while safeguarding consumer protection and market stability. Read more

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BNPL Consumer Protection Payments Innovation 88

Fintech Finance

JULY 15, 2024

“Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC. “We

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Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 98

The Fintech Times

FEBRUARY 15, 2024

While buy now, pay later (BNPL) has enjoyed significant growth in recent years, an air of uncertainty remains around the space – whether that be due to a degree of untrust (seen by some as a debt trap ) or because of increased regulatory pressures being placed on the space. To find out more, we reached out to some industry experts.

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BNPL Regulations B2B Continuity 69

Neopay

MAY 28, 2024

Consumer Financial Protection Bureau (CFPB) issued a new interpretation under the existing Truth in Lending Act. Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations already on the books.”

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Credit Cards BNPL Consumer Financial Protection Bureau (CFPB) Regulations 52

The Fintech Times

FEBRUARY 27, 2024

Having looked at some of the biggest technologies to impact the payments world, like buy now pay later (BNPL) and central bank digital currencies (CBDCs) , we now look to the future and what the next trend may be.

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Consumer Protection Stablecoins Payments Trends Consumer 69

Electronic Transactions Association

JANUARY 16, 2025

Over the past decade, the payments industry has developed and deployed AI tools that have made payments faster, more secure, and has unlocked numerous benefits for the payment industry and consumers alike. BNPL is one example of innovation in payments that, when adopted carefully and thoughtfully, provides additional payments choice.

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Fintech Finance

JULY 23, 2024

Alternative payment methods like digital wallets, account-to-account (A2A), and buy now, pay later (BNPL) continue to gain popularity. Anil Nanda, Partner and UK & Europe Head of Payments said: “The payments industry is undergoing significant change and disruption.

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Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Finovate

JUNE 6, 2024

Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. territories.

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Consumer Financial Protection Bureau (CFPB) Rules BNPL CFPB 52

The Payments Association

MARCH 18, 2025

For payments firms, the intersection of payments and credit is becoming a competitive battleground, especially as BNPL and embedded lending scale. While some governments prioritise competition and innovation, others focus on financial inclusion, consumer protection, or market-driven adoption.

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Finance Payment APIs and Integration Non-Bank Embedded Finance 88

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. There Will be Changes in the BNPL Market, but Major Regulatory Action Is at Least a Year Away. Consumers will likely see more transparency from industry participants going forward.

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BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

Fintech Finance

JANUARY 19, 2024

The growth in the forecast period can be attributed to expansion of bnpl services to physical retail, growth in cross-border e-commerce, adoption by traditional retailers, emphasis on responsible lending and consumer protection, rise of embedded finance and bnpl as a service.

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PYMNTS

DECEMBER 31, 2020

As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. There are a number of things that intersect here: data, privacy, consumer protection. These are not easy issues.”.

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Innovation Payments Shutdown On-Demand 115

PYMNTS

DECEMBER 11, 2020

Democrats and Republicans are going after this from different angles, he noted, but they’re all targeting Big Tech firms in the name of consumer protection – even though that’s protection that consumers don’t really seem to want. “I He said that going after Big Tech is increasingly becoming a bipartisan issue.

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FTC BNPL Payments Federal Trade Commission 75

The Fintech Times

JANUARY 31, 2025

Examples include Split X , offering a buy now pay later (BNPL) solution; TelyPay , providing a secure digital platform for individuals and businesses; and Wadiaa , focusing on crowdfunding and crowd-investing. Several homegrown fintech companies have emerged in Oman, reflecting this evolving landscape.

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FinTech Non-Bank Legal Framework Central Bank 64

The Fintech Times

MARCH 16, 2024

Phil Goldfeder, CEO, AFC “Under the guise of consumer protection, these bills in Rhode Island and DC will harm consumers who need access to safe and affordable financial services and will put local state-chartered banks at a disadvantage,” said Phil Goldfeder , chief executive officer of AFC.

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Fintech Finance

MAY 24, 2024

“When consumers check out and choose Buy Now, Pay Later, they don’t know if they will get a refund if they return their product or whether the lender will help them if they didn’t get what was promised,” said CFPB Director Rohit Chopra. The Buy Now, Pay Later market has expanded rapidly over the past few years.

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Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

The Fintech Times

APRIL 18, 2024

The PSR’s chief aim is to improve consumer protection, and it will introduce changes to the existing open banking framework to improve access to these services. Let’s take lenders, BNPL providers and other credit providers as an example. The PSR The PSR is intended to update and replace the parts of PSD2 not covered in PSD3.

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The Fintech Times

APRIL 16, 2024

” Is BNPL finally getting regulated? The long debated topic of buy now pay later (BNPL) regulation was discussed on stage at IFGS, with a panel of key industry players discussing how, despite industry feedback, BNPL regulation is still on hold.

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Regulations BNPL Government Governance 64

The Fintech Times

MARCH 5, 2024

million consumers and MSMEs through the platform. This business case was also awarded the Best BNPL solution at Finovate in 2023. They are implementing policies and regulations that promote innovation while ensuring consumer protection and financial stability. Just in 2023 Yabx disbursed over 20 million loans to 2.4

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Financial Literacy Financial Inclusion Underserved FinTech 64

Finovate

JANUARY 24, 2025

Other areas that are likely to receive regulatory scrutiny in 2025 in the EU are crypto and Buy Now Pay Later (BNPL). BNPL, however, presents a different regulatory challenge. In many ways, BNPL is just a modern spin on subprime lending a long-standing issue in financial services when it comes to consumer protection.

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Regulations FinTech BNPL Cross-Border 73

Fintech News

MARCH 20, 2024

Buy Now, Pay Later (BNPL) firm Atome has teamed up with Chubb to co-create insurance products for its customer base across Singapore, Malaysia, the Philippines, and Indonesia. A second product, named “Shopping Secure,” is slated for release in the second quarter of the year, aiming to further extend consumer protection measures.

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BNPL Embedded Finance Consumer Protection Financial Inclusion 107

Finovate

DECEMBER 13, 2023

the Consumer Financial Protection Bureau (CFPB) has been studying the BNPL industry since at least late 2021. At this point, much of the CFPB’s impact on BNPL has been minimal. There has some concern at the state level , with state attorneys general voicing consumer protection warnings. In the U.S.,

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Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 65

The Fintech Times

APRIL 5, 2025

AFC underscores how partnerships between regulated financial institutions and responsible fintech companies have fueled the development of transparent, technology-driven products such as responsible fintech loans, high-yield deposit accounts, credit builder tools, earned wage access (EWA), and buy-now-pay-later (BNPL) offerings.

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Community Banks Deposit Account Underserved BNPL 59

The Payments Association

APRIL 14, 2025

Key developments include progress on stablecoin regulation with draft legislation anticipated, advancements in open banking and variable recurring payments (VRPs), outcomes from the PSR's review on card fees, and the introduction of buy now pay later (BNPL) legislation in Parliament.

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Regulations ISO 20022 Cross-Border Legal 88

Fintech Review

JANUARY 14, 2025

Examples of embedded finance include buy-now-pay-later (BNPL) options at checkout and insurance products offered during travel bookings. Clear guidelines are needed to balance innovation with consumer protection and market stability. This trend is gaining momentum as businesses seek to enhance customer journeys.

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Embedded Finance FinTech Payment APIs and Integration Financial Inclusion 59

Tearsheet

FEBRUARY 6, 2025

The landscape and ongoing tug: As new payment models like Buy Now, Pay Later (BNPL) and EWA took off in recent years, the Consumer Financial Protection Bureau (CFPB) has been watching how they affect consumers. 7428 in 2024, which classifies EWA as a non-credit product with consumer protections.

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Consumer Financial Protection Bureau (CFPB) CFPB Consumer Protection Regulations 52