This article examines the evolution of digital wallets from their inception with PayPal to their current status as essential tools for financial transactions. It highlights the ongoing struggle between regulators and fintech companies over the appropriate level of oversight, especially as the CFPB proposed new rules that were later rolled back. The piece also discusses the complex regulatory environment surrounding digital wallets and the potential implications for consumers.

FICO will start incorporating buy now, pay later loan data into some of its credit scores, reflecting the growing popularity of this payment method among consumers. While this change could help individuals build credit if they make on-time payments, it may not significantly impact scores for sporadic users, and these loans lack the protections that traditional credit cards offer.