CFPB to Unleash BNPL Rules that Would Also Impact Data Mining
Fintech firms like Klarna, Affirm and PayPal face a brand-new regulatory regime for buy now, pay later plans as bureau clamps down.
The latest news and articles about Buy Now Pay Later trends and how BNPL installment payments on retail purchases are disrupting lending and credit markets.
A strong holiday season buoyed BNPL firms' hopes, and the growth forecast is also strong. But clouds are also gathering.
Fintech firms like Klarna, Affirm and PayPal face a brand-new regulatory regime for buy now, pay later plans as bureau clamps down.
As inflationary realities, worries about recession, and potential regulation for fintech BNPL firms increase, Citizens Pay keeps growing.
Higher interest rates and alternative lending options, especially BNPL, prompt financially strained consumers to spend less on plastic.
Buy now, pay later was a wave that never crested, until now. Market saturation, regulation and a possible recession are dragging it down.
The Apple Pay Later product slams other BNPL players, but its effect on banking could be bigger, especially as part of a payments platform.
Bad headlines for Klarna and other BNPL providers have traditional competitors cheering, but writing off BNPL is a big mistake. Here's why.
To avoid ceding the fast-growing buy now, pay later market to a few aggressive fintechs, banks should focus on partnering and niche markets.
BNPL is expected to hit $680 billion in e-commerce transactions by 2025. 30 more stats cover consumer attitudes, demographic use and more.
Klarna's 'Pay Now' service, piggybacking on bank debit and credit, and its coming Klarna Card, greatly expand its reach.
Bank buy now, pay later efforts must go beyond splitting up credit card payments. Competing head on with BNPL debit cards is one tactic.
Buy now, pay later programs from banks have an advantage over those by fintechs. Banks understand compliance far better than newcomers.
Banks building their own Buy Now, Pay Later programs can avoid regulatory headaches by looking at the mistakes fintechs have made.
Build a modern credit card strategy that balances profitability and risk, adopts the latest technology and delivers the customization that cardholders demand.
Read More about Navigating Credit Card Issuing in an Uncertain Economic Environment
This webinar will offer a comprehensive roadmap for digital marketing success, from building foundational capabilities and structures and forging strategic partnerships, to assembling the right team.
Read More about Unlocking Digital Acquisition: A Bank’s Journey to Become Digital-First
Consumers report strong credit performance but higher usage by financially vulnerable must be monitored closely as inflation and rates rise.
Banks must address gaps in digital capability to retain small business customers. Innovative features and ease of use are both essential.
The three major credit bureaus now collect BNPL data, which could alter the competitive balance between fintechs and banks and fuel growth.
Many banks are unsure about offering 'buy now, pay later', but one thing they should do now is educate consumers on using it responsibly.
New financial products' growth amid increasing economic turmoil means that banks must figure out how to relate or face creeping obsolescence.
Legacy financial institutions may be hesitant to recruit third party fintechs to build out their products, and improve the development process, but it's essential in order to outperform the competition, says Skeps CEO Tushar Srivastava.
Consumers see 'Buy Now, Pay Later' as a new way of buying, not borrowing. It is actual debt, but its impact on credit scores is unclear.
Data from a comprehensive Federal Reserve study puts real numbers behind the massive changes in consumer and business payment habits.
Square's pickup of Afterpay may accelerate consolidation in the BNPL market, providing a great opportunity for traditional institutions.
From BNPL to super apps to real-time trends, payments will send bankers to their pain relievers of choice. But there's also opportunity.
Learn how to enhance your brand’s local visibility, generate more leads, and attract more customers, all while adhering to industry regulations and compliance.
Read More about The Power of Localized Marketing in Financial Services
Explore the big ideas, new innovations and latest trends reshaping banking at The Financial Brand Forum. Will you be there? Don't get left behind.
Read More about The Financial Brand Forum Kicks Off May 20th