Lobbying organizations argue that New York's rules treat buy now, pay later purchases too much like credit card transactions.| Payments Dive
The buy now, pay later industry sued to block the consumer-friendly rule, arguing that the services are not the same as those offered via credit cards.| Payments Dive
New legislation in New York covers a surprising breadth of products and entities in connection with point-of-sale installment financing.| www.huschblackwell.com
Fintech as the Catalyst for Innovation| Financial Technology Association
Cara Petersen, the bureau’s principal deputy enforcement director, bemoaned “thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements” in an email Tuesday.| Banking Dive
Having previously announced that it was withdrawing its Buy Now, Pay Later rule, the CFPB recently said that it does not intend to issue a revised rule.| Consumer Finance Monitor