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 IT23h
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 ...
RealClearMarkets18d
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.) ...
Forbes19d
This Week In Credit Card News: CFPB Calls Out Some Illegal Card Practices
The CFPB issued a circular to other law enforcement agencies warning that some credit card companies operating rewards programs may be breaking the law. The CFPB’s circular highlighted various ...
Business Insider19d
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
"The new administration can & should nullify this overreach, but we must go further: this latest gambit of the CFPB is just a symptom of a deeper (and unconstitutional) cancer of unelected ...