The ‘good news is they will be regulated,’ Harvard fellow says of watchdog crackdown on ‘buy now, pay later’ lenders
April 4, 2023
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The Consumer Financial Protection Bureau detailed the findings of an inquiry into popular “buy now, pay later” programs Affirm, Afterpay, Klarna, PayPal and Zip. The CFPB identified “several areas of risk of consumer harm” and said the industry will be subject to the same oversight as credit card companies.