Nov 4, 2022 | Federal Regulation, FinTech, News
OCC Announces Plans to Establish Office of Financial Technology Last week, the Office of the Comptroller of the Currency (OCC) announced plans to create an Office of Financial Technology in 2023 to help the agency adapt to the changing banking landscape. The office...
Oct 19, 2022 | FinTech, News
BNPL Remains Absent from Most Consumers’ Credit Scores Experian, Equifax, and TransUnion have recently begun allowing buy now, pay later (BNPL) lenders to report their short-term payment plans for consumers’ credit scores, but many of the largest BNPL companies...
Oct 12, 2022 | FinTech, News
Afterpay Expands from Pay-in-4 BNPL Offerings to Interest-Bearing Loans Buy Now, Pay Later (BNPL) company Afterpay recently announced that it is adding a monthly payment option at the point of sale for users to choose to stretch payments for certain items for up to a...
Sep 28, 2022 | FinTech, News
Buy Now Pay Later Delinquencies on the Rise As buy now, pay later (BNPL) services have risen in popularity, delinquencies have also increased as inflation is making it more difficult for consumers to pay off debt. BNPL products are typically used by younger borrowers...
Sep 2, 2022 | Financial Literacy, FinTech, News
Analyst: In the Future Everyone Will Be Unbanked (By Choice) Last week, a new article appearing in Morning Consult and written by Morning Consult’s financial services analyst examines recent data to break down the banking status of U.S. adults. One of its prime...
Aug 19, 2022 | FinTech, News
BNPL Lenders Want In On Credit Reports With Buy Now, Pay Later (BNPL) products continuing to gain in popularity as a payment method for consumers, some in the BNPL industry are now exploring ways to report data about consumers’ repayment of BNPL loans to credit...
