17 Mar 2022

Daily Tearsheet: Unpacking the CFPB report on BNPL, and Slack and Salesforce launch industry-specific digital solutions – what’s in it for FIs?

Weekly 10-Q: Robinhood posts August 2022 operating metrics – disappointing or somewhat hopeful?

• Robinhood compares its key operating statistics of August to prior trading months.
• And, Goldman Sachs' weighty gender bias lawsuit is set for a June 2023 trial.

Unpacking the CFPB report on BNPL, in 4 charts

• The number of people paying in four is growing. More customers are getting approved for BNPL loans, with a 4% increase between 2020 and 2021.
• However, due to practices like autopay, the risks associated with BNPL are rising too, and so is its potential to harm consumer financial health.

Slack and Salesforce launch industry-specific digital solutions – what’s in it for FIs?

• Slack and Salesforce have built solutions to help their customers make the most of their digital tools.
• How will these solutions benefit financial firms?

Power of Payments Ep. 14: JPMorgan vs Stripe and Block, CFPB is coming for BNPL, and is LTO a viable BNPL alternative?

• This week, we talk about JPMorgan’s acquisition of payments firms Renovite, and the CFPB’s recent report on BNPL firms, which suggests that regulation is coming for the sector.
• We also discuss why lease-to-own, which is another type of installment payment option, has been gaining popularity in recent months.