Consumer Bureau Examining Impact of Buy Now, Pay Later Products

Move Comes as Products like Klarna, Afterpay Gain Popularity

Photo by Tamanna Rumee on Unsplash

The Consumer Financial Protection Bureau (CFPB) has announced an inquiry into the practices of the Buy Now, Pay Later (BNPL) industry in light of the popularity of products such as Klarna and Afterpay. The move comes as the major credit bureaus are adding…