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CFPB: Mortgage Lenders Must Comply with the Law, Not Invent Loopholes
Consumers are entitled to critical legal protections regardless of how products are labeled.
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New Study on Buy Now Pay Later User Characteristics
The Consumer Financial Protection Bureau (CFPB) has released a new study on consumer use of buy now, pay later (BNPL) user characteristics. Although BNPL has been around for a while, it has not received much attention until now. Buy now, pay later, gained popularity in 2019 and grew by 10 fold during 2019-2021. BNPL refers…