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…

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