Acting Comptroller Hsu Discusses Buy Now, Pay Later Lending
Office of the Comptroller of the Currency · April 19, 2024
A brief OCC statement on buy now, pay later (BNPL) products summarizes benefits and risks and announces new guidance to banks to help manage credit, compliance, operational and reputational risks. The statement emphasizes consumer protection and directs readers to occ.gov for the full guidance.
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