Ready to jump into BNPL in 2024? Read this 360-degree analysis from OCC

Buy now, pay later came of age during the 2023 holiday season. But as many consumers are rushing to embrace the practice, regulation and compliance lag. In a new bulletin, the OCC offers its preliminary roadmap on emerging risks and best practices. If your institution is not yet all in on BNPL, it should be required reading.

The report: Retail Lending: Risk Management of “Buy Now, Pay Later” Lending

Published: December 2023

Source: Office of the Comptroller of the Currency (OCC)

Why we picked it: No matter your personal feelings about buy now, pay later as a way to finance purchases, the growth of BNPL has been fascinating to watch. A growing number of banks are moving into some aspect of BNPL. Some chose the consumer banking side, chiefly via variations on their credit card offerings. Some entered via the merchant banking side, where institutions like Citizens Bank tailor programs to specific retailers’ needs. Others have multiple strategies.


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