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NY governor pursues BNPL regulation

Payments Dive

Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry. New York Gov.

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Connecticut moves to regulate EWA

Payments Dive

The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

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Regulation spotlight: Future of UK stablecoin regulation

The Payments Association

On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK.

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US, Europe lock arms on payments regulation

Payments Dive

and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

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EWA shouldn’t be regulated like loans

Payments Dive

“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.

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BNPL regulation could contribute to consolidation: Moody’s analysts

Payments Dive

Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.

BNPL 158
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UK moves to experimentation phase of Regulated Liability Network

Finextra

The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.