Electronic Fund Transfer Act (EFTA), Federal Trade Commission and OCC

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

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.

OCC

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

An Overview of Payment Regulation In The USA

Clearly Payments

FEBRUARY 8, 2024

Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S. Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations. It oversees compliance with federal banking laws, including those governing payments.

Regulations

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

Payments Space

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

An Overview of Payment Regulation In The USA

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