WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted a statement for the record for the House Financial Services Digital Assets, Financial Technology, and
The Financial Technology Association (FTA) submitted a comment letter in response to the Department of Housing and Urban Development’s (HUD) Request for Information on
The Financial Technology Association submitted a comment letter in response to the Consumer Financial Protection Bureau’s (“CFPB”) Interpretive Rule regarding the Truth in Lending
WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing leading fintech companies, submitted a comment letter to the Consumer Financial Protection
The Financial Technology Association (FTA) submitted a comment letter in response to the Consumer Financial Protection Bureau’s market monitoring inquiry into Buy Now Pay
In response to the Request for Comment on Strategic Plan FY 2022-2026, FTA submitted a comment letter to the Consumer Financial Protection Bureau (CFPB).
New campaign highlights how BNPL gives consumers a flexible, low-cost option to manage purchases and why 96% of loans are paid in full and
WASHINGTON, D.C. – The Financial Technology Association (FTA) released the following statement on the report released today by the Consumer Financial Protection Bureau (CFPB)
WASHINGTON, D.C. – The Financial Technology Association (FTA)’s President and CEO Penny Lee issued the following statement on the flawed Buy Now Pay Later
WASHINGTON, D.C. – The Financial Technology Association (FTA)’s President and CEO Penny Lee issued the following statement on the lawsuit it filed today challenging
Outlines policy recommendations to ensure the U.S. remains the home of financial innovation WASHINGTON, D.C. – The Financial Technology Association (FTA) today released its
FTA BNPL companies welcome guidance for the rest of the industry to provide the same robust consumer protections WASHINGTON, D.C. – The Financial Technology
WASHINGTON, D.C. – The Financial Technology Association, a trade association representing innovative financial technology companies, today released a statement on the Federal Reserve Bank
CFPB report highlights the competitive benefits of BNPL over legacy credit products, including lower fees and ease of use WASHINGTON, D.C. – The Financial
WASHINGTON, D.C. – On Tuesday, September 13, 2022, Financial Technology Association Chief Executive Officer Penny Lee testified before the Senate Banking Committee hearing on new
A new survey conducted on behalf of the Financial Technology Association finds that BNPL users have high levels of favorability and trust in the
WASHINGTON, D.C. – Today, the Financial Technology Association (FTA) submitted a comment letter in response to the Consumer Financial Protection Bureau’s market monitoring inquiry
Washington, DC – The Financial Technology Association (FTA) released the following statement on the responsible use and regulation of Buy Now, Pay Later (BNPL)
Washington, DC – Penny Lee, President and CEO of the Financial Technology Association (FTA), testified today before the House of Representatives Committee on Financial
As we head into the 2025 holiday season, a powerful trend is emerging about how Americans are using Buy Now, Pay Later (BNPL) tools.
Joe Heck is an accomplished business leader with over 20 years of experience in consumer lending and a track record of driving innovation and
Welcome to your crash course in fintech! This summer, learn about the fundamental issues underpinning digital financial products and policies as technology transforms how
Tell us about Zilch’s mission in the Buy Now Pay Later space and your recent entry into the U.S. market. Zilch’s mission is to
Some argue that the path to building credit should only be through traditional financial products, including credit cards. But we believe a consumer’s real
Buy Now Pay Later adoption rates have skyrocketed over the past year, as consumers flocked to this new service that offers flexibility, price
If you’ve shopped online lately, you’ve probably seen a buy now/pay later option in your checkout options. That’s because millions of savvy consumers are
WASHINGTON, D.C. – The Financial Technology Association sent a letter to the Illinois House Judiciary – Civil Committee on Senate Bill 3561, the BNPL
WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted comments on the New York State Department of Financial Services’ (DFS) proposed regulations to implement
The Financial Technology Association (FTA) submitted a letter opposing New York Senate Bill 1726 and Assembly Bill 4918, which propose interest rate limitations for
WASHINGTON, D.C. – The Financial Technology Association’s President and CEO Penny Lee testified today before a New York Assembly public hearing, “The Impact Of
There’s a new national campaign to educate consumers more on buy now, pay later
A group of Democrats wants to know how credit agencies are using buy now, pay later data and what changes may be planned in
The state’s financial regulators are in the process of implementing a law designed to regulate the evolving “buy now, pay later” lending industry. We
Financial technology companies urged New York’s banking regulator to go back to the drawing board on a proposal that would establish a licensing requirement
A new data spotlight report from the Consumer Financial Protection Bureau examining Pay in 4 buy now/pay later loans is offering validation for an
The Financial Technology Association, a group that represents BNPL companies, pointed out its members have lower delinquency rates, around 2%, compared to traditional credit
BNPL companies belonging to the Financial Technology Association, a trade group that represents fintech companies, report delinquency rates of less than 2%, Miranda Margowsky,
A financial technology trade group representing buy now, pay later providers such as Block Inc. and Klarna Bank AB is suing to stop the
The Financial Technology Association, which counts three BNPL lenders among its members, reports less than a 2% delinquency rate among those companies compared to
Nearly 10% of BNPL purchases are made using credit cards, automated clearing house transactions and other forms of payment outside of debit cards, according
Letters from the Financial Technology Association and American Fintech Council, two leading fintech industry groups counting Klarna and Affirm as members, respectively, each asked
The Financial Technology Association, sought in separate comment letters to delay implementation of the proposed CFPB rule, pointing out the complexities of complying with
Penny Lee, president and chief executive of the Financial Technology Association, an industry group representing several companies that offer pay later loans, including Klarna
“The notion of this phantom debt being out there is just not true,” said Penny Lee, president and CEO of the Financial Technology Association,
The Financial Technology Association, which includes Afterpay, Klarna, PayPal, and Zip, took credit cards head on, saying that BNPL providers’ services “have zero interest
“BNPL products are fundamentally different from credit cards: these products have zero interest on outstanding balance, no ability to revolve a balance, and a
Financial Technology Association President and CEO Penny Lee said in a statement that its members “are committed to strong consumer protections, including for disputes
The Financial Technology Association, an industry trade group representing companies such as Afterpay, Klarna, PayPal and Zip, said it welcomes the guidance for the
Penny Lee, the president and chief executive of the Financial Technology Association, an industry group that represents some of the largest pay-later companies, said
The Financial Technology Association (FTA), a trade group that represents several BNPL lenders, said its members “are committed to strong consumer protections, including for
In a statement, the Financial Technology Association, which represents BNPL firms, said BNPL products are “fundamentally different” from those provided by credit card companies.
The Financial Technology Association issued a similar statement welcoming the rules. “FTA member companies are committed to strong consumer protections, including for disputes and
Existing consumer protection practices at the largest “buy now, pay later” companies are likely to preclude potential litigation over a new federal rule treating
The Financial Technology Association, a trade group that represents several large BNPL providers, said buy now pay later is “fundamentally different” from credit cards
“FTA member companies are committed to strong consumer protections, including for disputes and refunds, and agree these protections should be applied consistently across the
Penny Lee, president and CEO of the Financial Technology Association, which represents fintech industry and BNPL companies including Block/Afterpay, Klarna, PayPal, and Zip, said
The Financial Technology Association, a trade group that represents Aferpay, Klarna, PayPal, Zip and other financial technology companies, responded to the CFPB rule, saying
The Financial Technology Association — which represents some BNPL companies — noted that while its members are committed to strong consumer protections, BNPL products
Penny Lee, president and CEO of the Financial Technology Association, a Washington, DC-based trade association representing several “buy now, pay later” providers such as
Miranda Margowsky, a spokesperson for the Financial Technology Association, which also counts BNPL firms among its members, similarly suggested the bill still has room
Other major pay-later providers, like Afterpay, PayPal and Zip, said their concerns with the credit reporting system’s handling of pay-later loans had not been
FTA Submits Response to HUD RFI on Buy Now Pay Later
The Financial Technology Association (FTA) submitted a comment letter in response to the Department of Housing and Urban Development’s (HUD) Request for Information on