BNPL Rule Scrapped

What we’ll cover today:

💳 BNPL firms dodge strict new rules

🚀 $TRUMP coin creates 58 millionaires

📅 What to watch: Top fintech events

CFPB Drops BNPL Rule 🚫💳

The U.S. Consumer Financial Protection Bureau (CFPB), under Trump’s leadership, just scrapped a Biden-era rule treating Buy Now, Pay Later (BNPL) firms like credit cards. Fintechs like Klarna and Affirm had been big mad about it for months.

🚨Breaking News:
The CFPB says it’s ditching the BNPL rule to focus on bigger consumer threats, leaving BNPL firms free to chill (for now).

⚡Wire Simplified –

• The rule made BNPL firms follow the same rules as credit cards.

• BNPL companies sued last year, claiming the rule was unfair.

• The CFPB now says it needs to focus on other priorities.

• Consumer watchdogs are worried this weakens protections.

• Military families and small biz are now a bigger focus for the CFPB.

✔️Straight to the Point –
BNPL firms just dodged strict rules, but critics say this could hurt consumers long term while fintechs pop champagne.

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Trump Meme Coin’s Wild Ride 🚀💸

Chainalysis reports Trump’s meme coin, $TRUMP, has minted millionaires—but also a ton of losers. While 58 wallets raked in $10M+ each, over 764,000 wallets are in the red. Yup, classic crypto rollercoaster.

🚨Breaking News:
$1.1 billion in total profits have been made by a few mega-holders, and Trump’s throwing a party at his golf club for top $TRUMP whales.

⚡Wire Simplified –

• 58 wallets made $10M+ each—totaling $1.1B in profit.

• Most $TRUMP holders lost money (764,000 wallets 👀).

• A big $TRUMP event is happening May 22 at Trump’s golf club.

• Top 25 holders get a White House tour + VIP reception.

• Critics say it’s pure pump-and-dump territory.

✔️Straight to the Point –
Trump’s meme coin is making whales rich and small investors salty, but the hype is full speed ahead with IRL perks.

FinTech Abu Dhabi 2025
Organized by the Abu Dhabi Global Market, this event explores the latest trends, regulatory advancements, and innovations in the FinTech sector.
Date: November 2025 | Location: Abu Dhabi, UAE

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European FinTech Summit 2025
This event brings together Europe’s FinTech community to discuss the future of banking, payments, and digital currencies, along with showcasing innovative startups.
Date: June 2025 | Location: Brussels, Belgium

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