Global Fintech & Digital Assets

DECEMBER 21, 2023

These consumer lending arrangements (also known as “point-of-sale installment loans” or “pay-in-4”) involve short-term installment loans repayable in four or fewer payments and carry no finance or interest charges. BNPL Loans As described in the Guidance, a BNPL arrangement generally involves a bank, a merchant, and a consumer.

OCC 59

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

Global Fintech & Digital Assets

OCTOBER 31, 2023

Conclusion In signing the bill into law, Governor Newsom noted that “ambiguity of certain terms and the scope of this bill will require further refinement in both the regulatory process and in statute to provide clarity to both consumers, regulators and businesses subject to this new licensure framework.”

Laws 52

Laws Stablecoins Issuers Legal 52

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place.

Regulations 83

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 83