Consumer News Proposed Rule Will Give Buy Now, Pay Later Customers Greater Protection

Blumenthal warns shoppers to be wary of 'buy now, pay later' plans

U.S. Senator Richard Blumenthal (D-CT) is warning holiday shoppers to be wary of so-called “buy now, pay later” (BNPL) plans. He said the companies, such as Klarna and Afterpay, may end up charging ... Read More

‘Buy Now, Pay Later’ Firms Pressed by States for Loan Details

The offices of seven state Democratic attorneys general asked providers of Buy Now, Pay Later services for details about the cost and structures of their installment loans, as well as consumers’ ... Read More

Blumenthal Slams “Buy Now, Pay Later”

Blumenthal delivered that message on Monday from Broadway Triangle, in the center of Yale’s shopping district. He came to “warn and draw attention” to the practices of Buy Now Pay Later (BNPL) ... Read More

CT Joins Six Other States In Requesting Pricing, Repayment Structures From Buy Now, Pay Later Providers

Connecticut’s action follows a decision by the Trump administration to abandon a federal rule issued by the Biden administration that would have required BNPL providers to adhere to the same consumer ... Read More

With federal oversight waning, Minnesota AG scrutinizes buy-now-pay-later loan firms

Minnesota and six other states are asking the companies for information on billing, credit reporting and late fee collection. Read More

Buy Now, Pay Later Companies Asked to Share Lending Practices With State AG

The attorneys general sent a letter Monday to the six largest buy now, pay later providers seeking information about their pricing and repayment structures, as well as consumer contracts, agreements ... Read More

Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.

WASHINGTON (AP) — The Consumer Financial Protection Bureau has dropped an investigation into a buy now, pay later company with close ties to President Donald Trump’s son Donald Trump Jr., saying the ... Read More

Is "Buy Now, Pay Later" affecting your credit score? Here's what local shoppers should know

As the “buy now, pay later” trend becomes more popular, it is having a greater impact on traditional lending and credit scores. If you are not familiar, buy now, pay later (BNPL) is a type of ... Read More

Buy now, pay later services surge in popularity but lack consumer protections

From vacations and music festivals to everyday necessities like groceries and gas, "Buy Now, Pay Later" options like Klarna, Afterpay, and Affirm are being used by people to pay for anything and ... Read More