The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on pay-in-four buy now, pay later (BNPL) products, saying the rule “oversteps legal bounds.” The CFPB ruled May 22 that BNPL vendors are credit card providers...
FinTech Automation (FTA) has been named a technology partner for open banking within Mastercard’s Engage partner network, the company announced Wednesday (Aug. 3). According to a news release, the program offers businesses a network to access technology partners that can build open banking solutions for...
October 21, 2024
The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans has a number of what, to some observers, might be argued as technicalities. But a deeper dive into the suit also finds that the challenge presented by the Financial Technology […]
October 20, 2024
The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on pay-in-four buy now, pay later (BNPL) products, saying the rule “oversteps legal bounds.” The CFPB ruled May 22 that BNPL vendors are credit card providers and must provide some key legal protections and rights delivered […]
August 03, 2022
FinTech Automation (FTA) has been named a technology partner for open banking within Mastercard’s Engage partner network, the company announced Wednesday (Aug. 3). According to a news release, the program...
