Klarna and fintech group back bill clarifying Ohio Small Loan Act to preserve bank-issued buy-now-pay-later Proponents including Klarna and the Financial Technology Association supported Senate Bill 269, saying it would codify long-standing interpretations of the Ohio Small Loan Act and exempt bank-issued small-dollar, short-term loans (commonly used in buy-now-pay-later products) from licensing that would otherwise restrict such lending.

Klarna and industry advocates are rallying behind Senate Bill 269, which could reshape the landscape of small-dollar loans in Ohio by exempting them from licensing restrictions.

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#OH #FinancialInnovation #CitizenPortal #ConsumerProtection #AccessToCredit

#bnpl #accesstocredit #alternativelending #retaillending #loansharks #vulnerablecustomers | Money Advice Liaison Group Ltd 🎙️ Natalie Bunyer FCICM's big idea for how the unintended negative consequences of Buy-Now-Pay-Later Regulation can be avoided. 🎙️ Listen at www.malg.org.uk/podcast or wherever you get your podcasts...

🎙️ Natalie Bunyer's idea for how the unintended negative consequences of Buy-Now-Pay-Later Regulation can be avoided: www.linkedin.com/feed/update/...
www.malg.org.uk/podcast or wherever you get your podcasts.
#BNPL #AccesstoCredit #AlternativeLending #RetailLending #LoanSharks #VulnerableCustomers

69th Legislature approves SB 426 defining secured transactions and financial terms Legislature finalizes SB 426 to clarify secured transactions and promissory note definitions.

Montana's Senate Bill 426 is set to transform the landscape of secured transactions and public finance, but will it truly benefit all borrowers or just the big banks?

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#MT #AccessToCredit #MontanaLegislation #FinancialReform #CitizenPortal #EconomicDevelopment