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What's up
  • [ August 25, 2026 ] Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses CFPB
  • [ August 25, 2026 ] FDIC reports higher ROA, net income for banks in second quarter FDIC
  • [ August 24, 2026 ] John Crews sworn in, designated NCUA Board chairman NCUA
  • [ August 24, 2026 ] Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank FDIC
  • [ August 20, 2026 ] Fed makes public two consents to prohibitions, both for misappropriation of customer funds The Fed
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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Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday.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

  • Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses

    August 25, 2026 0
    Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other federal agencies. The rescission of [...]
  • FDIC reports higher ROA, net income for banks in second quarter

    August 25, 2026 0
    Second-quarter call report data show banks’ return on assets (ROA) and net income both up from the second quarter and from a year ago, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. ROA overall was 1.37% in the second quarter, [...]
  • John Crews sworn in, designated NCUA Board chairman

    August 24, 2026 0
    A former Treasury official, John Crews, was sworn in Monday to a seat on the National Credit Union Administration (NCUA) Board, and he was designated chairman by President Donald Trump, the agency said. Crews, nominated in May and confirmed by [...]
  • Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank

    August 24, 2026 0
    The sole branch of a failed Philadelphia savings bank was scheduled to reopen Monday after its deposits were assumed, and “substantially all” its assets were purchased, by another savings bank in the city, the federal insurer of bank deposits said [...]
  • Fed makes public two consents to prohibitions, both for misappropriation of customer funds

    August 20, 2026 0
    Two more former bank workers have consented to prohibition orders, both for misappropriation of customer funds, the Federal Reserve said Thursday. The one of the prohibitions is for a former employee at Regions Bank, adding to the at least four [...]
  • Crews awaits swearing-in to seat on NCUA Board

    August 20, 2026 0
    There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, a Treasury official, was nominated [...]

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