CFPB Says Certain Earned Wage Access Products Are Not Credit
CFPB Says Certain Earned Wage Access Products Are Not Credit On December 23, the CFPB issued an advisory opinion concluding that certain earned wage access (EWA) products fall outside the definition of credit under the Truth in Lending Act (TILA) and Regulation Z. In...
OCC Greenlights Banks’ Crypto Activities
OCC Greenlights Banks’ Crypto Activities Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), said earlier this month that the crypto activities that many banks want to participate in are legally permissible. He wants to eradicate a...
SEC Chair Lays Out Pro-Crypto Plans
SEC Chair Lays Out Pro-Crypto Plans Paul Atkins, Chair of the Securities and Exchange Commission (SEC), recently revealed plans to overhaul capital market regulations to support both cryptocurrencies and blockchain-based trading. He laid out several pro-crypto plans,... 4 in 10 Consumers Would Not Make Purchase if BNPL Were Not Available
4 in 10 Consumers Would Not Make Purchase if BNPL Were Not Available A recent PYMNTS Intelligence report, “Decoding BNPL Users: Necessity, Convenience and Risk Signals” examines consumer behavior and preferences regarding buy now, pay later (BNPL), which has become...
