Reminiscent of government hearings in the late 1960s over potential credit card debt dangers, the Consumer Financial Protection Bureau (CFPB) is now inquiring into issuance, refund and fee policies of buy now, pay later (BNPL) brands, who must show that their terms don’t let consumers...
Aside from the pure convenience they offer, most buy now, pay later (BNPL) operators position themselves as a way for consumers to make a payment without having to use their credit card or dip into savings. It’s a solid value proposition with proven universal appeal...
Credit reporting agency Equifax is putting a plan in place next year to add buy now, pay later (BNPL) plans to credit reports, which hasn’t always happened before, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article...
How’s this for a brilliantly simple pitch: “Buy it now. Pay for it later.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna, PayPal and Zip — regarding the pros and cons of flexible payment options, according to a CNBC report Friday (Dec....
The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits of this payment instrument. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
No disrespect to crypto, but few would disagree that buy now, pay later (BNPL) is the payments sensation of the pandemic era, with PYMNTS research finding that 50 million people used BNPL at least once in the past year. From consumer adoption to mergers to...
Amazon is working with Barclays on new accounts that allow customers to access installment plan payments in the United Kingdom, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Indonesian buy now, pay later (BNPL) platform Kredivo is teaming up with IKEA to offer customers the chance to pay for their furniture in installments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
