OCC Issues BNPL Guidance

OCC Issues BNPL Guidance

OCC Issues BNPL Guidance Last week, the Office of the Comptroller of the Currency (OCC) issued guidance to national banks and federal savings associations addressing what it says are the risks of “buy now, pay later” (BNPL) lending. BNPL products present compliance,...
CFPB’s Plan to Crack Down on Overdraft Fees Expected in December

CFPB Proposes Personal Financial Data Rights Rule

CFPB Proposes Personal Financial Data Rights Rule Last week, the Consumer Financial Protection Bureau (CFPB) proposed a Personal Financial Data Rights Rule, which it says will promote a shift toward open banking where consumers have more control over their financial...

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