Jun 22, 2023 | Federal Regulation, FinTech, News
OCC’s Hsu Sees Benefits to AI in Banking, But Warns of Potential Risks Michael Hsu, acting U.S. Comptroller of the Currency, recently highlighted the potential benefits and risks of using widespread artificial intelligence (AI) in banking during his remarks at...
Apr 12, 2023 | FinTech, News
Governments Around the World Exploring BNPL Regulation Governments around the world have started considering regulations to apply many existing credit laws to the buy now, pay later (BNPL) market. Since the BNPL market began, it has been mostly free from government...
Mar 31, 2023 | FinTech, News
LexisNexis Survey of Bank Decision Makers Finds Majority of Respondents Use Alternative Credit Data for New Applicants A recent LexisNexis Risk Solutions survey of nearly 225 senior decision makers for lending, marketing, and credit risk found that 65 percent of...
Mar 8, 2023 | Federal Regulation, FinTech, News
CFPB Issues Report on Financial Profiles of Buy Now Pay Later Customers The Consumer Financial Protection Bureau (CFPB) recently published a report analyzing the financial profiles of buy now, pay later (BNPL) customers, finding that BNPL consumers were more likely to...
Dec 30, 2022 | Banks & Credit Unions, FinTech, News
Survey: Most Americans Think Crypto and Fintech Companies Aren’t Held to Same Regulatory Standards as Banks A recent Consumer Bankers Association (CBA) survey found that nearly 90 percent of Americans are concerned that crypto and fintech companies are not held...
Dec 28, 2022 | FinTech, News
Sources Say Walmart Plans to Offer BNPL Loans Through Its Fintech Venture Walmart is planning to launch buy now, pay later (BNPL) loans through its majority-owned fintech venture as early as next year, according to three people familiar with the matter. The service...
