Consumer Financial Protection Bureau Investigates Business Practices of Affirm, Paypal, Klarna, Afterpay, and Zip
Posted on 12/16/2021
Sovereign wealth funds, public funds, and venture capital firms plugged mounds of capital into buy-now-pay-later companies like Affirm and Klarna. The U.S. Consumer Financial Protection Bureau (CFPB) issued a series of orders to five companies offering “buy now, pay later” (BNPL) credit. The orders to collect information on the risks and benefits of these fast-growing […]
