CFPB research reveals heavy BNPL usage among consumers with high credit sccores and multiple loans
Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in ...
Buy now, pay later users pile on debt, CFPB finds
Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, ...
Financial IT1d
CFPB Research Reveals Heavy Buy Now, Pay Later Use Among Borrowers With High Credit Balances and Multiple Pay-in-Four Loans
Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in ...
Heavy BNPL use among borrowers with high credit balances and multiple pay-in-four loans: CFPB
More than 60% of BNPL users have simultaneous loans, borrowers hold higher balances on other credit lines, and most loans are ...
themortgagepoint1d
CFPB Finds Thousands Underinsured Against Flooding
New report concludes that homeowners facing flooding from rivers and creeks are more likely to be underinsured than coastal ...
HousingWire1d
Over 400K mortgages may be underinsured for flood risk: CFPB
The CFPB found that hundreds of thousands of mortgaged properties in the southeast and central southwest alone may be ...
JD Supra6d
Leaning In: The CFPB Publishes Rule on Fees for Overdraft Services
On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain ...
JD Supra6d
CFPB’s Successor Homeowner Issue Spotlight: The Other Side of the Story
On December 17, 2024, amid a flurry of activity by the Consumer Financial Protection Bureau (CFPB), the agency released an Issue Spotlight ...
Biden administration bans unpaid medical bills from appearing on credit reports
Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small ...
Crooks and Liars16d
If They Get Their Way, CFPB To Drop Bank Overdraft Fees To $5
“The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they’re charging on overdraft loans,” CFPB Director Rohit Chopra said in the ...
RealClearMarkets19d
The CFPB Wants You To Pay For Mistakes of Others
It seems obvious that removing such risk would encourage people to make reckless financial decisions – to everyone except President Biden's Consumer Financial Protection Bureau (CFPB.) ...
Hosted on MSN19d
'Who Appointed You Pope?': When John Kennedy Tore Into The CFPB Director During Senate Hearing
During a Senate Banking Committee hearing in 2023, Senator John Kennedy tore into the CFPB Director over data collection. California wildfires rage for second day, destroying homes and forcing ...