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 ...
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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 ...
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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 ...
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase ...
The CFPB research also revealed that more than three-fifths of BNPL borrowers held multiple simultaneous BNPL loans at some point during the year, and one-third had loans from multiple providers.
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 ...