BNPL Accounts = Credit Cards Says CFPB
The Consumer Financial Protection Bureau is wasting no time flexing its muscles now that the Supreme Court has confirmed its funding structure is constitutional. Today, the CFPB announced via press...
BNPL
Everything We Know About BNPL Borrowers
We’re beginning to get a clearer picture of Buy Now, Pay Later borrowers. While it has been long speculated that BNPL borrowers chose to use that option because of a...
5 Lessons from Credit Risk Trends in 2022
Determining credit risk in 2022 is murky, but still, it’s critical to focus on credit risk scores to craft collections & recovery strategies in 2023, and to predict volume and...
What the CFPB's New Buy Now, Pay Later Report Means for Your Strategy
Does the use of Buy Now, Pay Later (BNPL) increase consumer debt and encourage overextension? The CFPB thinks so. A new report from the CFPB on BNPL, markets, and consumers...
Gen Z, Trust, and the "Frictionless" Engagement Strategy of the Future
Consumers are changing. Gen Z's share of debt is growing and their engagement preferences matter more and more. Your debt collection strategy needs to follow suit. In this ranging interview...
CFPB to BNPLs: You Must Report Data to Credit Bureaus
After a request for data from Buy Now, Pay Later (BNPL) providers Klarna, Affirm, Afterpay, PayPal and Zip earlier this year, the CFPB is calling for BNPL data to be...
BNPL Growing Pains Show Need for Greater Consumer Focus
The upstart Buy Now, Pay Later (BNPL) industry will have to learn some hard lessons and soon, thanks to massive growth and sudden CFPB scrutiny, but the credit, recovery, and...
BNPL is Primed for Growth
Despite Buy-Now-Pay-Later (BNPL) info flooding the newswires, it holds only a small percentage of the payments landscape with 9% of global e-commerce transactions in 2021 (Juniper Research). However, it is...
A Guide to Buy Now, Pay Later and Digital Debt Collections
Buy Now, Pay Later (BNPL) will have to reckon with recovery / debt collection issues soon. BNPL is a young, but rapidly growing market with big appeal to Millennial and...