* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them

December 6, 2023
in Business
Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them
Share on FacebookShare on Twitter

A top U.S. financial regulator is warning banks about potential risks in offering buy-now, pay-later products that have surged in popularity with consumers.

Traditional lenders are joining firms like Affirm Holdings Inc., Klarna Bank AB and Afterpay Ltd. in giving customers shorter-term borrowing options. Despite their surging popularity, the arrangements can pose major challenges for big banks, according to the Office of the Comptroller of the Currency. 

The OCC, part of the Treasury Department, said Tuesday the products present credit, compliance and reputation challenges for the banks. Lenders should ensure that marketing materials are clear, the regulator said. 

The warnings follow similar assessments by the Consumer Financial Protection Bureau and possible new government regulations. Meanwhile, buy-now, pay-later offerings helped fuel a record start to the holiday shopping season in the US, according to Adobe Inc.   

“We think this is well-timed to say, ‘Hey, banks, if you get into this, this is how to do it responsibly,’” Michael Hsu, the acting comptroller of the currency, said in an interview.

Hsu added that if consumers aren’t careful with the products they can get overextended and that can lead to loan delinquencies. He said that even if the loans don’t have any finance charges, they can spur charges like overdrafts or late fees when they’re linked to credit or debit cards. “That’s where the risks are,” Hsu said.

The regulator cautioned banks about:

Consumers not fully understanding repayment terms

Borrowers who may not have credit history applying for buy-now, pay-later loans, making underwriting more difficult

Third-party relationships possibly exposing banks to operational or compliance risks outside of their control

Limited capture of buy-now, pay-later borrowing activity by credit reporting agencies

Complications tied to returning items or disputing purchases

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2023/12/05/banks-warning-federal-government-buy-now-pay-later-products/

Tags: businessFederalgovernment
Previous Post

GM orders workers back in the office 3 days per week, ending a flexible pandemic-era policy of ‘work appropriately’

Next Post

Colleges could pay student-athletes at least $30,000 under new proposal that would shake up NCAA sports

Too much of a green thing – Economy and ecology – ips-journal.eu

Striking the Balance: Navigating the Intersection of Economy and Ecology

June 6, 2025
Why Resident Alien’s showrunner trapped Alan Tudyk in his human form – Polygon

Unveiling the Mystery: How Resident Alien’s Showrunner Keeps Alan Tudyk Grounded in His Human Role

June 6, 2025
Weed Science Society shares funding cut concerns with lawmakers – Brownfield Ag News

Weed Science Society shares funding cut concerns with lawmakers – Brownfield Ag News

June 6, 2025
Afrimaxx – Modern African Lifestyle – DW

Afrimaxx – Modern African Lifestyle – DW

June 6, 2025
World Energy Investment 2025 – Analysis – IEA – International Energy Agency

Unlocking the Future: Insights from the 2025 World Energy Investment Report

June 6, 2025
Trump’s attacks on international student enrollment could ultimately shake the economy – CNN

Trump’s attacks on international student enrollment could ultimately shake the economy – CNN

June 6, 2025
After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

June 6, 2025
Argenx joins NBC health marketing platform to produce CIDP reality show – Fierce Pharma

Argenx Teams Up with NBC to Launch Groundbreaking CIDP Reality Show!

June 6, 2025
Liberal Lee Jae-myung wins South Korean presidency, ending months of political turmoil – NBC News

Liberal Lee Jae-myung wins South Korean presidency, ending months of political turmoil – NBC News

June 6, 2025
U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

June 6, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (672)
  • Economy (686)
  • Entertainment (21,592)
  • General (15,267)
  • Health (9,727)
  • Lifestyle (689)
  • News (22,149)
  • People (687)
  • Politics (693)
  • Science (15,904)
  • Sports (21,189)
  • Technology (15,671)
  • World (671)

Recent News

Too much of a green thing – Economy and ecology – ips-journal.eu

Striking the Balance: Navigating the Intersection of Economy and Ecology

June 6, 2025
Why Resident Alien’s showrunner trapped Alan Tudyk in his human form – Polygon

Unveiling the Mystery: How Resident Alien’s Showrunner Keeps Alan Tudyk Grounded in His Human Role

June 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version