Consumer Financial Protection Bureau

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CFPB requests data from five major buy now, pay later players 

Dec 16, 2021By

The Consumer Financial Protection Bureau (CFPB) issued a series of orders Thursday to five companies – Affirm, Afterpay, Klarna, PayPal and Zip – to collect information on the risks and benefits associated with “buy now, pay later” technology. According to a release, the CFPB is concerned about accumulating debt, regulatory arbitrage, and data harvesting in a […]

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