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 ...

Katherine Adkins, Chief Legal Officer, Affirm noted that consumer spending is the engine that drives the American economy.

While a pay-in-four plan doesn’t usually charge interest, longer-term BNPL plans may charge an annual percentage rate up to 36%. Fees, like for late or rescheduled payments, range from $2 to $15 ...

BNPL’s value may seem most obvious for these purchases, as they are goods people really need, but buying toilet paper in four easy installments speaks of a desperation that is not adequately or ...

You can return an item you paid for on a BNPL plan, but the process is anything but smooth. Reddit users have shared stories about difficult BNPL returns. Most found the process to be clunky and ...

“We’re seeing it across the retail landscape,” he said. From Nov. 1 to Dec. 31, usage of buy-now-pay-later services, or BNPL, jumped nearly 10 percent over last year, amounting to $18.2 ...

To better understand the emerging BNPL market, the CFPB issued market monitoring orders in March 2023 to collect information from several companies offering no-interest, pay-in-four BNPL loans ...