RAPID GROWTH OF BUY NOW, PAY LATER (BNPL) INDUSTRY REVEALS CHALLENGES FOR CONSUMERS, LENDERS, AND REGULATORS
Two-thirds of BNPL users are subprime; lack of standards for disclosure of fees, payments, data collection, and credit reporting challenge understanding of credit quality and total debt burden BOSTON, April 15, 2022 /PRNewswire/ — Weak regulatory oversight including a lack of standards…