Federal Government Launches Probe Into ‘Buy Now, Pay Later’ Industry
The federal government is launching a probe into the nascent “Buy Now, Pay Later” industry. Buy Now, Pay Later — a short-term financing option that lets consumers make purchases and pay at a future date, often interest-free — is increasing in popularity. Typically offering their services at checkout, BNPL companies such as Klarna, Afterpay, and Affirm have diverted between … Read more