CFPB cautions consumers on ‘buy now, pay later’

The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit.

CFPB: The post cites the rise of BNPL offerings during the pandemic and encourages consumers to consider their finances, credit reporting, late fees, and alternative payment options.

More: A recent Main Street Matters post from ICBA Bancard President and CEO Tina Giorgio covers how community banks can help customers evaluate BNPL offerings.