CFPB publishes findings on BNPL borrowers

The Consumer Financial Protection Bureau (CFPB) published a new report analyzing the financial profiles of Buy Now, Pay Later (BNPL) borrowers. The research found BNPL borrowers are more likely to exhibit financial distress than non-users and are more likely to be active users of other forms of credit. This is the latest in the CFPB’s efforts to understand and better regulate the BNPL market. Read on for more details.