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The Consumer Financial Protection Bureau stopped short of creating new rules for BNPL fintechs, but pressure is mounting for some fintech lenders to alter their business practices.
So, apparently this is true: Running a lending operation without registering with the SEC makes them crabby. Spoiler Alert: On Valentine’s Day this
As brokerages focus on enhancing user experience, they risk shifting their customer’s focus from serious financial decisions to a game-like experience.
PayPal-owned Venmo faces scrutiny for its collection practices by Christopher Hutton Print this article The mobile finance app Venmo recently drew attention due to a recent regulatory filing that takes a closer look at the company's collection practices. The Consumer Finance Protection Bureau filed a Civil Investigative Demand against Venmo's owner, PayPal, on Jan. 21. The filing states that its intent to take an extended look at Venmo's practices is "related to Venmo's unauthorized funds' transfers and collection processes, and related matters." The process in questi...