credit

It’s Official. CARD Act, Credit Rules, Now Under CFPB Review

It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
June 21, 2022  |  CFPB

The director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, announced in a Friday (June 17) blog post that the agency is planning to...

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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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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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PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
June 16, 2022  |  Economy

Today is Thursday, June 16 and on this day in 1911, IBM was formed and started automating business transactions with punched card-based data tabulating machines....

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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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Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022  |  Consumer Finance

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%)...

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Retailers Brace for Friendly Fraud’s New Seasonal Surges
Retailers Brace for Friendly Fraud’s New Seasonal Surges
June 16, 2022  |  Fraud Prevention

To quote that old song: “To everything there is a season.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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