Apr 27, 2022 | FinTech, News
Federal Reserve Hiring Private Sector Tech Talent In Push to Evolve with Financial System Federal Reserve chair Jerome Powell recently said that he wants to put the agency at “the forefront of technological changes” in the financial sector, which is driving the Fed’s...
Apr 22, 2022 | Federal Regulation, FinTech, News
Yellen Backs Crypto Regulations In a speech at American University earlier this month, Treasury Secretary Janet Yellen outlined the Treasury Department’s plan to regulate digital assets like cryptocurrency, which largely reflects the Biden administration’s priorities....
Apr 13, 2022 | FinTech, News
21 Attorneys General Say CFPB Should Regulate Buy Now, Pay Later Last month, the Consumer Financial Protection Bureau (CFPB) closed its request for comments on the Buy Now, Pay Later (BNPL) inquiry it launched on December 16. Among the comments received, 21 state...
Mar 28, 2022 | FinTech, News
Survey: 72% of Consumers Manage Lending Accounts Online A recent PYMNTS collaboration with Mastercard company Finicity, titled “Account Opening and Loan Servicing in the Digital Environment,” found that 61 percent of consumers have loan accounts with outstanding...
Mar 21, 2022 | Federal Regulation, FinTech, News
Biden Signs Executive Order on Digital Assets, Including Cryptocurrencies Earlier this month, President Biden signed an Executive Order on digital assets including cryptocurrency, representing the first ever whole-of-government approach to address the benefits and...
Mar 18, 2022 | FinTech, News
98% of Afterpay Customers Repaid BNPL Loans in 2021 Nearly all Afterpay users paid back their installments in 2021, Block CFO Amrita Ahuja told CNBC when questioned about the company’s acquisition of the “buy now, pay later” (BNPL) service. 98 percent of users repaid...
