Jul 14, 2022 | Financial Literacy, FinTech, News
More Consumers Now Using Buy Now Pay Later for Everyday Expenses Buy Now, Pay Later (BNPL) loans have become popular payment methods for big-ticket items, but consumers have been using them recently for everyday purchases, likely due to increased prices for goods...
Jun 22, 2022 | FinTech, News
PayPal Expands Pay Later Options With New ‘Pay Monthly’ Service Last week, PayPal introduced a new buy now, pay later (BNPL) product, called “PayPal Pay Monthly,” to give customers another flexible payment option for major purchases. Customers can use the program to...
Jun 8, 2022 | Federal Regulation, FinTech, News
CFPB Opens Office of Competition and Innovation to Promote Competition in Financial Services The Consumer Financial Protection Bureau (CFPB) recently announced that it would be opening a new office “to help spur innovation in financial services by promoting...
May 23, 2022 | Banks & Credit Unions, FinTech, News
Four California Legislators Push FDIC to Crack Down on Bank-Fintech Partnerships In a letter to the FDIC sent earlier this month, four California legislators asked the federal regulator to crack down on partnerships between banks—which are regulated by the FDIC—and...
May 18, 2022 | FinTech, News
Two CEOs Say Fed’s Rising Interest Rates Make Lending Below 36% Cap More Difficult During earnings calls last week, the CEOs of two lending platforms said that the Federal Reserve’s rising interest rates may make it more difficult to lend to some borrowers who...
May 9, 2022 | FinTech, News
California Governor Gavin Newsom Signs Executive Order to Begin Establishing Regulatory Framework for Blockchain Technology Last Wednesday, California Governor Gavin Newsom signed an executive order that his office said “would foster responsible innovation, bolster...
