CFPB Announces Intention to Regulate BNPL Following Release of Consumer Impact Report
Retail TouchPoints
SEPTEMBER 17, 2022
in 2020; A total of 13.7% in 2020; and Lenders’ profit margins fell to just over 1% of the amount of the loan in 2021, down from nearly 1.3% with late payments, fees, etc.]. Other notable data from the report includes: Late fees are becoming more common, with 10.5% of users charged at least one late fee in 2021, up from 7.8%
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