Most BNPL loans made to subprime borrowers: CFPB The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers, holding high credit card balances and multiple loans, suggesting the offering is riskier to lenders than previously assumed.
https://www.americanbanker.com..../news/most-bnpl-loan

SouthState signs $475M sale-leaseback deal after acquisition The Florida bank is jumping on the strategy for general corporate purposes and a potential sale of its underwater bond portfolio.
https://www.americanbanker.com..../news/southstate-sig

Regions Bank deploys tech to take advantage of open banking Through a partnership with Axway, the bank aims to provide API-based data sharing and develop new products that leverage open banking.
https://www.americanbanker.com..../news/regions-bank-d

The bank regulatory items that are open for public comment These regulatory announcements in the banking industry are currently open to public comment.
https://www.americanbanker.com..../news/banking-regula

CFPB proposes rule limiting legal disclaimers The Consumer Financial Protection Bureau issued a proposed rule that would protect consumers from abusive contract provisions modeled on the Federal Trade Commission's credit-practices rule.
https://www.americanbanker.com..../news/cfpb-proposes-