The Fintech Times

JULY 15, 2024

The American Fintech Council , the industry association representing responsible fintech companies and innovative banks, has welcomed new recommendations regarding buy now, pay later (BNPL) but warns that providers need more time to ensure compliance.

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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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Neopay

MAY 28, 2024

Consumer Financial Protection Bureau (CFPB) issued a new interpretation under the existing Truth in Lending Act. Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations already on the books.”

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Credit Cards BNPL Consumer Financial Protection Bureau (CFPB) Regulations 52

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.

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Fintech Finance

JULY 23, 2024

Alternative payment methods like digital wallets, account-to-account (A2A), and buy now, pay later (BNPL) continue to gain popularity. The post Capco Appoints Anil Nanda as Partner and UK & Europe Head of Payments appeared first on FF News | Fintech Finance.

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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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Finovate

JUNE 6, 2024

Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. territories.

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Consumer Financial Protection Bureau (CFPB) Rules BNPL CFPB 52

The Payments Association

MAY 16, 2025

Prepare financial models for potential savings or compliance costs post-ruling. BNPL regulation (UK legislation expected late 2025, implementation in 2026) The UK government is progressing legislation to bring Buy Now Pay Later (BNPL) under the scope of regulated consumer credit.

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The Fintech Times

MAY 2, 2025

One topic brought up by Mo highlighted the significant impact fintech has had on the BNPL (buy now, pay later) segment, which has grown rapidly with 800 million users in just 18 to 24 months. Central banks view fintech as crucial for financial continuity and trust, emphasising cybersecurity and consumer protection.

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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. I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. FICO Admin.

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The Fintech Times

JANUARY 31, 2025

Examples include Split X , offering a buy now pay later (BNPL) solution; TelyPay , providing a secure digital platform for individuals and businesses; and Wadiaa , focusing on crowdfunding and crowd-investing. Several homegrown fintech companies have emerged in Oman, reflecting this evolving landscape.

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Fintech Finance

JANUARY 19, 2024

The growth in the forecast period can be attributed to expansion of bnpl services to physical retail, growth in cross-border e-commerce, adoption by traditional retailers, emphasis on responsible lending and consumer protection, rise of embedded finance and bnpl as a service.

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The Fintech Times

MARCH 16, 2024

Phil Goldfeder, CEO, AFC “Under the guise of consumer protection, these bills in Rhode Island and DC will harm consumers who need access to safe and affordable financial services and will put local state-chartered banks at a disadvantage,” said Phil Goldfeder , chief executive officer of AFC.

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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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The Fintech Times

APRIL 16, 2024

After relocating to London to head the office, Krishnan spent the majority of the session singing the UK’s praises: “ The UK has a unique opportunity post-Brexit which is a catalyst for us coming here. ” Is BNPL finally getting regulated? ” The post IFGS 2024: Day Two Roundup appeared first on The Fintech Times.

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The Fintech Times

APRIL 18, 2024

The PSR’s chief aim is to improve consumer protection, and it will introduce changes to the existing open banking framework to improve access to these services. Let’s take lenders, BNPL providers and other credit providers as an example. The PSR The PSR is intended to update and replace the parts of PSD2 not covered in PSD3.

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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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Finovate

JANUARY 24, 2025

Other areas that are likely to receive regulatory scrutiny in 2025 in the EU are crypto and Buy Now Pay Later (BNPL). BNPL, however, presents a different regulatory challenge. In many ways, BNPL is just a modern spin on subprime lending a long-standing issue in financial services when it comes to consumer protection.

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Fintech News

MARCH 20, 2024

Buy Now, Pay Later (BNPL) firm Atome has teamed up with Chubb to co-create insurance products for its customer base across Singapore, Malaysia, the Philippines, and Indonesia. A second product, named “Shopping Secure,” is slated for release in the second quarter of the year, aiming to further extend consumer protection measures.

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Finovate

DECEMBER 13, 2023

the Consumer Financial Protection Bureau (CFPB) has been studying the BNPL industry since at least late 2021. At this point, much of the CFPB’s impact on BNPL has been minimal. There has some concern at the state level , with state attorneys general voicing consumer protection warnings. In the U.S.,

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Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 64

The Fintech Times

MAY 19, 2025

The UK Government has brought in new regulations for the buy now pay later (BNPL) industry to ensure it is in line with other credit products. Customers choosing to make payments through BNPL will now need to pass an affordability check. Over 10 million consumers now use the payment method. .”

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The Fintech Times

APRIL 5, 2025

AFC underscores how partnerships between regulated financial institutions and responsible fintech companies have fueled the development of transparent, technology-driven products such as responsible fintech loans, high-yield deposit accounts, credit builder tools, earned wage access (EWA), and buy-now-pay-later (BNPL) offerings.

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Fintech Review

JANUARY 14, 2025

Examples of embedded finance include buy-now-pay-later (BNPL) options at checkout and insurance products offered during travel bookings. Clear guidelines are needed to balance innovation with consumer protection and market stability. This trend is gaining momentum as businesses seek to enhance customer journeys.

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Embedded Finance FinTech Payment APIs and Integration Financial Inclusion 59

The Payments Association

APRIL 14, 2025

Key developments include progress on stablecoin regulation with draft legislation anticipated, advancements in open banking and variable recurring payments (VRPs), outcomes from the PSR's review on card fees, and the introduction of buy now pay later (BNPL) legislation in Parliament.

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Regulations ISO 20022 Cross-Border Legal 88

Tearsheet

FEBRUARY 6, 2025

The landscape and ongoing tug: As new payment models like Buy Now, Pay Later (BNPL) and EWA took off in recent years, the Consumer Financial Protection Bureau (CFPB) has been watching how they affect consumers. 7428 in 2024, which classifies EWA as a non-credit product with consumer protections.

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