Last month, the Consumer Financial Protection Bureau (CFPB) issued orders to five companies offering buy now, pay later (BNPL) products, asking them to provide information on several topics, including:
- Business models,
- BNPL performance metrics,
- Disclosures and other consumer protections,
- User demographics, and
- Data harvesting and monetization.
For more information the CFPB’s inquiry, please see our