BNPL Lenders Want In On Credit Reports
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...
CFPB to Crack Down on Financial Firms’ Protection of Consumer Data
CFPB to Crack Down on Financial Firms’ Protection of Consumer Data Last week, the Consumer Financial Protection Bureau (CFPB) published a circular outlining the responsibilities financial firms have to protect consumer data, noting that failure to do so could...
Senate Banking Republicans Say Fed Withheld Documents They Requested During Sarah Bloom Raskin Vetting for Fed Vice Chair of Supervision
Senate Banking Republicans Say Fed Withheld Documents They Requested During Sarah Bloom Raskin Vetting for Fed Vice Chair of Supervision Last week, Republicans on the Senate Banking Committee, including Ranking Member Pat Toomey (R-Pa.), sent a letter to Federal... BNPL Providers Building Rewards Programs to Compete
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...
