Buy Now, Pay Later and Credit Reporting
Consumers’ Buy-Now-Pay-Later repayment data is starting to be furnished to the nationwide credit reporting companies. A standardized approach would promote consistency and accuracy.
Blog
Our public inquiry on buy now, pay later
Several weeks ago, we issued a market-monitoring inquiry into “buy now, pay later” (BNPL) products and business practices. Now we are inviting anyone interested in this market to submit comments -- including families, small businesses, and international regulators.
Know before you buy (now, pay later) this holiday season
Holiday shopping season is here. Learn more about Buy Now, Pay Later loans before using them for your holiday purchases.
Consumer use of payday, auto title, and pawn loans
A new analysis in our Making Ends Meet survey series looks at how consumers use payday, auto title, and pawn loans. Use of these loans is persistent from year to year. Some consumers of these loans have lower cost credit available, while others lack access to other credit.