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UK BNPL Regulation Unlikely Before Mid-2023

UK BNPL Regulation Unlikely Before Mid-2023
UK BNPL Regulation Unlikely Before Mid-2023
June 21, 2022  |  BNPL

The U.K. government announced on Monday, June 20, plans to tighten rules on the Buy Now, Pay Later (BNPL) sector aimed at protecting users —...

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One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
June 20, 2022  |  Payment Methods

While United States consumers can choose from a variety of payment alternatives when buying goods and services, PYMNTS’ research found that the average U.S. consumer...

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Real-Time Demand Will Boost EU Open Banking Payments, Says Worldpay EMEA GM
Real-Time Demand Will Boost EU Open Banking Payments, Says Worldpay EMEA GM
June 20, 2022  |  Payments Innovation

Whether it’s the rapid normalization of contactless payments, the buy-now-pay-later boom or the growing interest in cryptocurrencies, the payments industry has been evolving at a...

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UK Pledges to Change 50-Year-Old Consumer Credit Law
UK Pledges to Change 50-Year-Old Consumer Credit Law
June 17, 2022  |  Cross-border Payments

The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims...

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On The Agenda: The Power of Payments in Driving Digital Transformation
On The Agenda: The Power of Payments in Driving Digital Transformation
June 17, 2022  |  Payment Methods

With smartphone penetration a done deal, 4G speeds now common and all our food and merchandise orderable online and delivered straight to the front door,...

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Klarna’s Value Reportedly Slashed by Two-Thirds
Klarna’s Value Reportedly Slashed by Two-Thirds
June 16, 2022  |  BNPL

Klarna will be looking into raising more funds at a significantly lower value than it got last year, which shows how dire the environment is...

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Today in TechREG: CFPB Wants Credit Reporting Standards in BNPL Sector; ECB’s Board Member Urges Firms to Adopt EU Instant Payments
Today in TechREG: CFPB Wants Credit Reporting Standards in BNPL Sector; ECB’s Board Member Urges...
June 16, 2022  |  Legal & Regulation

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) has encouraged buy now, pay later (BNPL) providers and credit report agencies to standardize BNPL payment...

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CFPB Wants Credit Reporting Standards in BNPL Sector
CFPB Wants Credit Reporting Standards in BNPL Sector
June 16, 2022  |  BNPL

The Consumer Financial Protection Bureau (CFPB) published a blog post on Wednesday, June 15, indicating that Buy Now, Pay Later (BNPL) lenders and Nationwide Consumer...

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