Tag: guidance
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Regulator’s BNPL guidance may go beyond banks
The latest guidance proposed by regulators for Buy-Now-Pay-Later (BNPL) providers may stretch beyond traditional banks, signaling a shift in regulatory focus within the financial sector. The appetite for BNPL services has surged in recent years as consumers seek flexible payment options and an alternative to using credit cards. Typically, BNPL providers allow customers to split…
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CFPB flags impending guidance on earned wage access
CFPB Flags Impending Guidance on Earned Wage Access The Consumer Financial Protection Bureau (CFPB) announced earlier this week that it is preparing to issue guidance regarding the emerging trend of earned wage access (EWA). The regulatory agency seeks to ensure that consumers leveraging these services are protected and not exposed to predatory lending practices or…
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FSRA announces revisions to its anti-money laundering and sanctions rules and guidance
FSRA Announces Revisions to Its Anti-Money Laundering and Sanctions Rules and Guidance The Financial Services Regulatory Authority (FSRA) has recently made significant revisions to its anti-money laundering (AML) and sanctions rules and guidance, aiming to further strengthen its commitment to combat financial crimes and protect the integrity of the financial system. Why These Revisions Matter…