Dec 21, 2023 | Financial Literacy, News
Gen X Consumers Hold More Debt than Other Generations A recent research collaboration by PYMNTS Intelligence and Sezzle entitled “The Credit Accessibility Series: Economic Malaise Exacerbating U.S. Consumer Debt Levels” found that Generation X (ages 41-56) has more...
Dec 19, 2023 | Congressional Legislation, Federal Regulation, News
Sens. Brown, Warnock, and Fetterman Send Letter to CFPB on Holiday BNPL Spending This week, U.S. Senators Sherrod Brown (D-Ohio), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, joined by Sens. Raphael Warnock (D-Ga.) and John Fetterman...
Dec 14, 2023 | Federal Regulation, FinTech, News
OCC Issues BNPL Guidance Last week, the Office of the Comptroller of the Currency (OCC) issued guidance to national banks and federal savings associations addressing what it says are the risks of “buy now, pay later” (BNPL) lending. BNPL products present compliance,...
Dec 12, 2023 | Congressional Legislation, News
HFSC Chairman McHenry Announces He Will Retire At the End of This Term House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) recently announced that he will not seek re-election to the House, choosing instead to retire at the end of his current...
Dec 6, 2023 | Federal Regulation, News
CFPB’s Plan to Crack Down on Overdraft Fees Expected in December Officials from the Consumer Financial Protection Bureau (CFPB) have recently told industry executives that the agency will most likely reveal its plan to crack down on overdraft fees this month. The...
Nov 30, 2023 | Federal Regulation, News
FDIC Under Fire After Report of Sexual Harassment, Other Misconduct The Wall Street Journal recently published an explosive report highlighting the “toxic atmosphere” described by current and former employees of the Federal Deposit Insurance Corp., including 20 women...
