CFPB Calls for Further Research Into BNPL’s Impact on Financial Health

The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held higher balances on other credit lines. “The importance of BNPL in the credit profiles of BNPL borrowers underlines the need for further research to understand how this growing financial product … Continue reading CFPB Calls for Further Research Into BNPL’s Impact on Financial Health