Stories Tagged as
Bnpl
Buy Now, Pay Later platforms will soon be more regulated
May 22, 2024
The Consumer Financial Protection Bureau announced new rules today requiring companies like Afterpay and Klarna to investigate when customers dispute a charge, and issue refunds for returned products. They'll also have to provide periodic billing statements.
Americans go into debt — this time for groceries
May 17, 2024
More than a quarter of Americans used a credit card to buy groceries last year and did not pay off the balance when it was due.
Buy now, pay later debt grows but is hidden from credit bureaus
May 13, 2024
Adobe Analytics projects that buy now, pay later loans could drive as much as $84 billion in spending in 2024. But the debt shoppers are racking up is basically hidden from credit bureaus, lenders and economists.