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OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

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 59
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An Overview of Payment Regulation In The USA

Clearly Payments

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S.