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 68

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

Consumer Financial Protection Bureau (CFPB) 82

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 82

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

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. Additionally, this can be easily updated in line with new regulations and new customer use cases.

Consumer Protection 68

Consumer Protection Stablecoins Payments Trends Consumer 68

Fintech Finance

JULY 23, 2024

To build on that heritage, we are now putting a renewed focus on helping our clients accelerate innovation in payments, banking and lending, cost transformation, regulation and risk management and operating model development.”

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Consulting Alternative Payment Methods Payments BNPL 85

The Fintech Times

APRIL 16, 2024

” Regulation, regulation, regulation Regulation dominated discussion in the morning, as representatives from challenger banks pondered the future of banking regulation. But on the other hand, a lot of regulation or fiscal penalties that make it so much harder.” Competition is a means to an end.

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Regulations BNPL FinTech Governance 63

The Fintech Times

APRIL 18, 2024

Alex Reddish, managing director of Tribe Payments, delves into the intricacies of PSD3, PSR and FIDA – regulations set to reshape open banking, data access and security in the financial sector. Let’s take lenders, BNPL providers and other credit providers as an example. What will more customer data mean for banks and fintechs?

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The Fintech Times

MARCH 16, 2024

Recently in the US, there has been talk of regulation to limit the power of community banks. AFC’s diverse members represent a cross section of responsible Fintech companies that embrace transparency and are rooted in regulatory compliance and consumer protection.

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Community Banks Consumer Protection Regulatory Compliance FinTech 58

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 78

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. One is regulatory trends, where regulators are looking to increase competition in this field and drive innovation.

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Innovation Payments Shutdown On-Demand 115

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 63

Finovate

DECEMBER 13, 2023

Here are some of the areas where regulators could make themselves felt by the fintech industry in 2024. Whether its the boardrooms of Silicon Valley or the halls of Congress, the call for regulating AI technology is only getting louder. As we enter 2024, the focus on AI-based regulations in the U.S. The only question was when.

Regulations 63

Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 63

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

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. regulators take a major step in addressing the emerging open banking landscape. There Will be Changes in the BNPL Market, but Major Regulatory Action Is at Least a Year Away.

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BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52