The rising popularity of Buy Now, Pay Later (BNPL) solutions raises questions for lenders that don’t have a standardized way ...
On January 13, the CFPB published a report analyzing consumers’ use of Buy Now, Pay Later (BNPL) loan products. This latest report builds on ...
Globally, BNPL has reshaped consumer finance, particularly among millennials and Gen Z who are wary of traditional banking. The industry was valued at $231.51 billion in 2024 and is projected to reach ...
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 ...
The CFPB's research, which was released Monday, comes after the CFPB issued an interpretive rule last May that requires BNPL lenders to provide the same consumer protections as credit cards. It is ...
On January 13, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report providing its analysis of the growth and impact of Buy Now, Pay Later (BNPL) loans in the United States ...
The majority of BNPL loans originated during that time did not appear in credit records, the CFPB says. The CFPB conducted the study to fill in what it calls a “data gap” in consumer credit records ...
Payments innovator Klarna has announced a partnership with Stripe that enhances the company’s global reach. As a result of ...
The popularity of buy now, pay later (BNPL) in the UK shows no signs of slowing down, as 1 in 8 Brits (13%) used BNPL services for the first time in 2024 - an estimated 6.8 million people - according ...
Warren helped create the CFPB in 2011, highlighting in a Saturday statement how her pet agency has “returned over $20 billion to consumers since its founding – protecting Americans from junk ...
President Donald Trump on Saturday removed Rohit Chopra as the director of the Consumer Financial Protection Bureau, setting in motion a potentially landmark shift at one of the nation’s most ...