CFPB Announces Intention to Regulate BNPL Following Release of Consumer Impact Report
Retail TouchPoints
SEPTEMBER 17, 2022
The bureau also released the Buy Now, Pay Later: Market Trends and Consumer Impacts report, which found that Affirm, Afterpay, Klarna, PayPal and Zip together provided 180 million loans totaling over $24 billion in 2021, a near tenfold increase from 2019. of BNPL transactions in 2019 but fell to 58.6% with late payments, fees, etc.].
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