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OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

Third-Party Risk Banks furnishing BNPL loans may not have direct control over the activities of third-party vendors or merchants. The Federal Trade Commission (FTC) also published a short notice in September 2022 on the obligations of BNPL providers vis-à-vis the FTC Act.

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The Walmart Amazon Whole Paycheck Tracker: The Regulation And eCommerce Loss Blues

PYMNTS

It’s pretty clear to us that the FTC [Federal Trade Commission] and different relevant regulators should be taking a much closer look at these platform companies,” said Nicholas Ahrens, vice president of innovation for the Retail Industry Leaders Association (RILA), in an interview, according to Bloomberg.