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.'
1 report, 1 independent
Updated Apr 8
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What happened
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.'
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Related events
- 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.
- FICO's initiative to include Buy Now Pay Later (BNPL) loans in its credit score calculation is being analyzed by LendingTree.
- 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.
- Visa Inc. and Affirm are noted as major players in the payments landscape, with Affirm offering a disruptive BNPL model against Visa's network.