Buy now, pay later (BNPL) isn’t just a niche payment option anymore — it’s rapidly becoming a permanent fixture in how consumers budget, shop and pay, according to five industry leaders whose insights preview the new eBook, “Reimagining Consumer Finance: The Strategic Rise of Buy Now, Pay Later.”
In a world increasingly driven by efficiency, the way businesses handle invoicing and billing is undergoing a quiet, digital revolution.
It couldn’t be happening at a better time. For decades, paper-based billing systems have burdened companies with excessive operational costs. The expense of printing, mailing and manually processing invoices adds up quickly, and doesn’t even scratch the surface of the efficiency bleed businesses can suffer.
In a recent decision from the U.S. District Court for the Northern District of Indiana, the court granted a motion to dismiss in favor of a debt collection law firm and one of its attorneys who were not licensed as debt collectors in Indiana. The court found that a failure to be licensed did not provide for a private right of action under state law and did not violate the Fair Debt Collection Practices Act (FDCPA).
As we have reported previously, including here, here, and here, the CFPB’s section 1071 small business loan data collection and reporting rule is facing court challenges. The U.S. Court of Appeals for the Fifth Circuit has stayed compliance with the rule for many financial institutions.
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) announced on March 28, 2025, in light of recent litigation, their intent to issue a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 (2023 CRA Final Rule). The proposal also would reinstate the CRA framework that existed prior to the 2023 CRA Final Rule, which currently remains in effect.
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