Tag: consumer protection
FCA Proposes New Regulations for Buy Now Pay Later Services
Ensuring Consumer Protection in the BNPL Market: Key Regulatory Changes AheadHighlights: The FCA outlines new proposals to regulate Buy Now Pay Later services.The new...
Paddle to Pay $5M to Settle FTC Tech Support Scam Claims
Exploring the Implications of Paddle's Settlement with the FTC Over Deceptive PracticesHighlights: Paddle has agreed to a $5 million settlement with the FTC.The settlement...
CFPB’s Decision to Abandon Open Banking Rule: What It Means for Consumers
Exploring the Implications of the CFPB’s Recent Policy Shift on Open Banking RegulationsHighlights: The CFPB has decided to withdraw its proposed open banking rule.This...
UK Government Implements New Rules to Tame BNPL Industry
Striking a Balance Between Consumer Protection and Financial InnovationHighlights: The UK government is introducing new regulations for Buy Now Pay Later (BNPL) schemes to...
New York Sues DailyPay and MoneyLion Over Alleged Illegal Loans
State Authorities Target Lending Practices to Protect ConsumersHighlights: New York State has filed a lawsuit against DailyPay and MoneyLion for allegedly offering illegal loans.The...
House of Representatives Terminates CFPB Oversight of Major Tech Payment Apps
New Developments in Financial Regulation: What the End of CFPB Oversight Means for Consumers and Tech CompaniesHighlights: The House of Representatives voted to eliminate...