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What's up
  • [ September 3, 2026 ] Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’ FDIC
  • [ September 3, 2026 ] Info on ‘suspicious activity’ reports may be shared – but not specific reference to reports, agencies declare FDIC
  • [ September 3, 2026 ] FDIC allows more banks to except some reciprocal deposits from brokered deposits reporting, raises cap FDIC
  • [ September 3, 2026 ] 7 banks graded ‘outstanding’ for CRA by OCC OCC
  • [ September 1, 2026 ] $2.4 million Kansas City credit union merged after 2-month conservatorship NCUA
HomeBNPL

BNPL

CFPB

‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

May 6, 2025 0

Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with […]

CFPB

BNPL interpretive rule kicks in July 30; bureau taking comments until Aug. 1

June 10, 2024 0

An interpretive rule that applies some Regulation Z (Truth in Lending Act) requirements to lenders marketing “buy now, pay later” (BNPL) loans that are accessed through digital user accounts is set to take effect July […]

OCC

BNPL risks addressed in new guidance; expects ‘safe, sound,’ fair access to services

December 6, 2023 0

Risks associated with “buy now, pay later” (BNPL) lending programs are addressed in guidance issued Wednesday by the regulator of national banks. The guidance, according to the Office of the Comptroller of the Currency (OCC), […]

CFPB

Bureau, European Commission open dialog on ‘critical consumer issues,’ including AI, BNPL

July 17, 2023 0

“Critical financial consumer protection issues” will be the focus of joint talks between the federal consumer financial protection agency and its European counterpart, the agencies said Monday. In their joint statement, the Consumer Financial Protection […]

CFPB

New findings link ‘buy now, pay later’ programs to borrowers using other credit products (including high interest loans)

March 2, 2023 0

Borrowers who use “Buy Now, Pay Later” (BNPL) programs are more likely to exhibit measures of financial distress than non-users, and they are also more likely to be active users of high interest products including […]

CFPB

Concerned about ‘buy now, pay later,’ CFPB opens inquiry, as credit reporter adds scrutiny

December 20, 2021 0

Concern about accumulating debt, regulatory arbitrage, data harvesting, and other components associated with “buy now, pay later” (BNPL) plans has led the federal consumer financial protection agency to open an inquiry into the quickly expanding […]

Today

  • Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’

    September 3, 2026 0
    Authority to review some banks’ annual financial disclosures should be reassessed, perhaps shifted to the federal agency that oversees security markets, the congressional watchdog recommended in a report issued Thursday. The security market oversight agency, the Securities and Exchange Commission [...]
  • Info on ‘suspicious activity’ reports may be shared – but not specific reference to reports, agencies declare

    September 3, 2026 0
    Banks and credit unions are not barred from sharing information contained on anti-money laundering reports about potentially fraudulent or other suspicious transactions with other financial institutions or customers if the existence of the report is not revealed, federal agencies said [...]
  • FDIC allows more banks to except some reciprocal deposits from brokered deposits reporting, raises cap

    September 3, 2026 0
    An interim final rule in effect now and out for comment until Oct. 1 qualifies more institutions to use a limited exemption – now also expanded – that permits excepting a portion of reciprocal deposits from brokered deposits reporting. Issued [...]
  • 7 banks graded ‘outstanding’ for CRA by OCC

    September 3, 2026 0
    Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings became public in August were rated “outstanding,” with the remaining 16 rated “satisfactory,” according to data released by the national bank regulator. The August list, released Tuesday by the [...]
  • $2.4 million Kansas City credit union merged after 2-month conservatorship

    September 1, 2026 0
    The conservatorship of WeDevelopment Federal Credit Union of Kansas City, Mo., ended with the credit union merged into CommunityAmerica Federal Credit Union, Lenexa, Kan., according to a release Tuesday. The National Credit Union Administration (NCUA) placed WeDevelopment Federal Credit Union [...]
  • Order: Former IN credit union employee caused $350,000 loss

    August 31, 2026 0
    A former employee’s misconduct caused Centra Credit Union, Columbus, Ind., more than $350,000 in losses, according to an August consent prohibition announced Monday that bars her permanently from any future work in federally insured financial institutions. The National Credit Union [...]
  • Comptroller sets schedules for 4th, 1st Quarter CRA exams; takes break in December

    August 31, 2026 0
    Seventy-nine banks – many of them in Texas – will face exams for anti-redlining rules compliance in the fourth quarter of this year, and the first quarter of next year, the national bank regulator said Monday. In releasing its fourth [...]
  • Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions

    August 28, 2026 0
    A former chief financial officer of Bank of the Valley, Bellwood, Neb., is prohibited from any future work in federally insured financial institutions under a consent order issued in July and announced Friday by the federal bank deposit insurer. The [...]
  • FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’

    August 28, 2026 0
    Five chapters were revised – and a template removed –from the federal bank deposit insurance agency’s consumer compliance exam manual, the agency said Friday, in a response to a new rule on unsafe, unsound practices. On Thursday, the Federal Deposit [...]

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