PYMNTS-MonitorEdge-May-2024

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Affirm Asks CFPB to Consider Unique Business Model of BNPL
Affirm Asks CFPB to Consider Unique Business Model of BNPL
July 29, 2024  |  BNPL

With the Consumer Financial Protection Bureau (CFPB) winding down its commentary period for potential buy now, pay later regulations, Affirm Friday (July 26) submitted a...

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CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
July 28, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. The CFPB on Friday (July 26) sued...

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BNPL Regulations Revived by New UK Government
BNPL Regulations Revived by New UK Government
July 25, 2024  |  BNPL

Great Britain is reportedly resurrecting plans to regulate buy now, pay later (BNPL) providers. It’s happening under the country’s new Labour leadership, CNBC reported Thursday (July 25),...

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Billie Begins Adding B2B BNPL to Stripe Platform in Europe
Billie Begins Adding B2B BNPL to Stripe Platform in Europe
July 24, 2024  |  B2B Payments

Billie’s B2B buy now, pay later (BNPL) solution has been integrated with Stripe and is now available on that financial infrastructure platform to select customers...

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New Data: Timing Is Key to Success of Installment Plan Offers
New Data: Timing Is Key to Success of Installment Plan Offers
July 18, 2024  |  Consumer Payments

The popularity of pay later plans has been on the rise. Consumers are becoming more aware of options such as buy now, pay later (BNPL)...

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BNPL Firms Ask for 5 More Months to Prepare for CFPB Rules
BNPL Firms Ask for 5 More Months to Prepare for CFPB Rules
July 17, 2024  |  BNPL

The end of the month is speeding toward the buy now, pay later (BNPL) industry — and with it, new rules and regulations regarding consumer...

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Chase to Decline Credit Card Payments for Third-Party BNPL Plans
Chase to Decline Credit Card Payments for Third-Party BNPL Plans
July 17, 2024  |  BNPL

Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The...

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Klarna Reportedly Prepping for Possible 2025 US IPO
Klarna Reportedly Prepping for Possible 2025 US IPO
July 17, 2024  |  IPO

Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). Goldman Sachs, J.P. Morgan Chase and Morgan Stanley were the top contenders...

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Sezzle Adds Spanish Language Capability to BNPL App, Checkout
Sezzle Adds Spanish Language Capability to BNPL App, Checkout
July 16, 2024  |  Buy Now Pay Later

Sezzle has added Spanish language capability to its buy now, pay later (BNPL) app and checkout. This capability is meant to appeal to the 40...

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