Global Fintech & Digital Assets

DECEMBER 21, 2023

Compliance Risk Compliance with various consumer protection-related laws and regulations [1] is critical for banks furnishing BNPL loans to ensure that obligations are understood and met on both sides of the transaction.

OCC 59

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

Global Fintech & Digital Assets

OCTOBER 31, 2023

A licensee must disclose to California customers: applicable fees, how they are calculated, and that the customer is entitled to a 14-day advance notice of any fee or other material change; whether and to what extent a product or service is covered by insurance (public or private); which transfers or exchanges and accompanying payments are irrevocable, (..)

Laws 52

Laws Stablecoins Issuers Legal 52

Clearly Payments

FEBRUARY 8, 2024

State Agencies: In addition to federal oversight, individual states have regulatory agencies responsible for overseeing financial institutions and consumer protection within their jurisdictions. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.

Regulations 81

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 81