Here's Why BNPL Stocks are Falling Today
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/17/2026
- L3Harris CEO steps down amid conduct review, shares drop
- Reddit leads social media platforms in revenue growth per user
- Piper Sandler Starts SoFi Technologies (SOFI) at Overweight
- Fulcrum Therapeutics to merge with Slate Medicines in all-stock deal
- Six dead in 'stampede-like' incident at India temple, ANI says
CFPB Buy Now Pay Later Report Could Be 'Somewhat Negative' For the Industry - Credit Suisse
September 16, 2022 10:11 AM EDTOn Thursday, the Consumer Financial Protection Bureau (CFPB) issued a report regarding the Buy Now, Pay Later (BNPL) industry, saying it intends to regulate BNPL companies such as Affirm Holdings (NASDAQ: AFRM).
The CFPB said they have worries that rapidly-growing financing products are harming consumers. In the report, the agency highlighted concerns about the industry on issues such as a lack of standardized disclosure,
dispute difficulty, overextension, forced autopay, lack of reporting to credit bureaus, and data collection.
Following the news, analysts at Credit Suisse, BofA, and Morgan Stanley released... More
