On January 13, the CFPB published a report analyzing consumers’ use of Buy Now, Pay Later (BNPL) loan products. This latest report builds on ...

The Consumer Financial Protection Bureau (CFPB) has released data highlighting that more than one-fifth of buy now pay later (BNPL) borrowers with a credit record used BNPL loans in 2022, with most of ...

The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers, holding high credit card balances and multiple loans, suggesting the ...

with the CFPB noting that “nearly two thirds of BNPL loans went to borrowers with lower credit scores,” including those ...

CFPB insights reveal increase in Buy Now, Pay Later loans, especially among consumers with lower credit scores.

The Consumer Financial Protection Bureau’s supervisory actions in the areas of buy now, pay later and earned wage access financing were highlighted for the first time in an agency review of the ...

On January 13, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report providing its analysis of the growth and impact of Buy ...

During the week of January 6, the CFPB released a “second” Winter 2024 Supervisory Highlights, focused on the agency’s most ...

The CFPB cites differences between the repayment schedules for BNPL loans, which typically require the loan to be repaid in four installments, and for credit cards. Credit cards allow consumers to ...

If you frequently rely on Buy Now Pay Later (BNPL) schemes to cover your needs—and even your wants—you may want to take note ...

Payments innovator Klarna has announced a partnership with Stripe that enhances the company’s global reach. As a result of ...