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...
Aug 12, 2022 | FinTech, News
BNPL Providers Building Rewards Programs to Compete Recently, with several buy now/pay later (BNPL) fintechs’ valuations having collapsed and a proposed merger falling through, many BNPL providers are launching rewards programs. Although the dollar value of rewards...
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...