Fintech trade groups are urging New York officials to amend recently implemented buy now, pay later (BNPL) regulations, which require upfront disclosure of interest rates and fees, arguing that these rules mischaracterize BNPL products. While consumer advocates support the regulations for transparency, industry representatives claim they are unnecessary and seek to work with lawmakers on establishing appropriate standards for BNPL services.

The article discusses the transformative potential of tokenization in financial markets, comparing it to the digitization boom of the 1970s. It highlights the advantages of tokenized assets, such as immediate settlement and global accessibility, while addressing the challenges and regulatory shifts necessary for widespread adoption. The piece also examines Robinhood's approach to tokenizing stocks and private equity, underscoring the evolving landscape of finance and the need for clearer regulations.

Valve and Itch faced pressure from payment processors to remove certain adult content from their platforms, leading to calls for Itch to create its own payment processor. The complexities of establishing a payment processor, including compliance, security, and sponsorship requirements, make this suggestion impractical for Itch, which currently lacks the resources to manage such an operation effectively. The author emphasizes the intricacies of payment processing systems and the challenges that arise when dealing with adult content transactions.

New York financial regulators are developing new rules for the buy now, pay later (BNPL) industry, addressing concerns around transparency, interest rates, and consumer protections. The regulations follow the New York BNPL Act, which imposes licensing requirements and limits on fees, as well as requiring a framework for handling unauthorized charges. Superintendent Adrienne Harris emphasized the need for balanced rules that protect consumers while allowing the industry to thrive.