Number of Consumers Using BNPL to Pay for Groceries Has Nearly Doubled
Number of Consumers Using BNPL to Pay for Groceries Has Nearly Doubled Data from an April LendingTree report shows that 25 percent of buy now, pay later (BNPL) users have used the service to buy groceries, up from 14 percent a year ago. Lending services like Affirm,...
CFPB Proposes Rescinding Nonbank Supervision Registry Rule
CFPB Proposes Rescinding Nonbank Supervision Registry Rule The Consumer Financial Protection Bureau (CFPB) recently proposed a rescission of its rule requiring nonbank financial firms to register with the agency if they are subject to any court order or regulatory...
New York Budget Includes Strict Licensing for BNPL Companies
New York Budget Includes Strict Licensing for BNPL Companies Earlier this month, New York state introduced legislation that imposes strict licensing requirements and other rules on Buy Now, Pay Later (BNPL) products as part of Governor Kathy Hochul’s new budget, which...
