BNPL companies Klarna and LendingTree are being studied regarding consumer finance trends by academic institutions, including Olin Business School, with input from the Federal Reserve Bank of Richmond.
1 report, 1 independent
Updated Aug 26
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
BNPL companies Klarna and LendingTree are being studied regarding consumer finance trends by academic institutions, including Olin Business School, with input from the Federal Reserve Bank of Richmond.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Klarna
Swedish fintech company
Nothing else this week.
-
LendingTree
American fintech company
Nothing else this week.
-
Federal Reserve Bank of Richmond
member Bank of Federal Reserve
Related events
- Klarna and Affirm, major players in the BNPL market, are facing scrutiny regarding their business model, which has been likened to that of 'benign drug dealers.'
- The Consumer Financial Protection Bureau (CFPB) is flagging Buy Now, Pay Later (BNPL) programs, using companies like Intuit and Klarna as examples of potential consumer harm.
- Major fintech companies including Afterpay, Affirm, Klarna, and PayPal are key players in the European Buy Now, Pay Later (BNPL) market.
- Bankrate, LendingTree, and the Federal Reserve Bank are providing data on consumer financial services, noting that high market rates are disappointing consumer hopes.