Credit Card Debt Financial services Retail 
True Accord
AUGUST 24, 2022
The rise of interest in BNPL is also likely influenced by increased financial uncertainty, high-interest rates and a downward trend in credit card approval. As consumers show preference for digital financial services, BNPL continues to grow and become available at more retailers. .
True Accord
APRIL 28, 2025
Job gains showed up in health care, social assistance, transportation and warehousing, along with retail trade, which reflected the return of workers from a strike, while federal government employment declined as a result of wide-reaching layoffs. The Federal Reserve (Fed) held rates steady at 4.25-4.50% 4.50% in March.
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Troutman Sanders
OCTOBER 30, 2023
On October 26, a House Financial Services subcommittee drafted legislative proposals related to the buy now, pay later (BNPL) and earned wage access (EWA) market. On October 25, the CFPB released its biennial report to Congress on the consumer credit card market. financial institutions.
Troutman Sanders
MAY 9, 2023
On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.
Troutman Sanders
MARCH 3, 2023
According to the CFPB, on average, BNPL borrowers were much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, have lower credit scores, and use high-interest financial services such as payday, pawn, and overdraft compared to non-BNPL borrowers.
Credit Corp
SEPTEMBER 13, 2023
Credit Cards Issued by a Bank, Credit Union, or other financial services company : These are accounts backed by a major payment network, like Visa, Mastercard, or American Express. These accounts are extremely common because almost all banks and credit unions are able to issue them to their customers.
Collection Industry News
OCTOBER 5, 2021
Whilst the new payment method originally took off in Europe, it has slowly sept into the US market as startups, like Affirm , have gone public and found success, and Square , the San Francisco based financial services and digital payments company, bought Australia’s Afterpay in $29billion deal, to benefit off BNPL’s growth.
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