credit

RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
June 21, 2022  |  Regulation

FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank...

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Debit Holds Edge Over Credit as Economy Sours
Debit Holds Edge Over Credit as Economy Sours
June 21, 2022  |  Payment Methods

In times of turmoil, when the economy wreaks havoc with household budgets, visibility into cash flow becomes king. No surprise, then, that debit, as a...

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It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
June 21, 2022  |  CFPB

The director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, announced in a Friday (June 17) blog post that the agency is planning to...

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UK BNPL Regulation Unlikely Before Mid-2023
UK BNPL Regulation Unlikely Before Mid-2023
June 21, 2022  |  BNPL

The U.K. government announced on Monday, June 20, plans to tighten rules on the Buy Now, Pay Later (BNPL) sector aimed at protecting users —...

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One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
June 20, 2022  |  Payment Methods

While United States consumers can choose from a variety of payment alternatives when buying goods and services, PYMNTS’ research found that the average U.S. consumer...

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UK Pledges to Change 50-Year-Old Consumer Credit Law
UK Pledges to Change 50-Year-Old Consumer Credit Law
June 17, 2022  |  International

The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims...

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PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
June 16, 2022  |  Economy

Today is Thursday, June 16 and on this day in 1911, IBM was formed and started automating business transactions with punched card-based data tabulating machines....

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CFPB Wants Credit Reporting Standards in BNPL Sector
CFPB Wants Credit Reporting Standards in BNPL Sector
June 16, 2022  |  BNPL

The Consumer Financial Protection Bureau (CFPB) published a blog post on Wednesday, June 15, indicating that Buy Now, Pay Later (BNPL) lenders and Nationwide Consumer...

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Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022  |  Consumer Finance

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%)...

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